2851 W Mt Houston Rd
Houston, TX 77086
Price:
$9,015,000
Cap Rate:
5.00%
NOI:
$450,749
Building Size:
Approx. 4,650 Sq. Ft.
Lot Size:
Approx. 3.51 Acres
Sub Category:
Convenience / Gas
Year Built:
2023
Investment Overview
- 2023 Construction. 4,650+/- SF Building on 3.51+/- Acre Site
- New 15-Yr. Absolute NNN Lease w/ 7.5% Rent Bumps Every 5 Years in Both Primary Term & (5) 5-Yr. Options
- Hard Corner Signalized Location – Directly Off TX-26 (51,000+ VPD) & TC Jester (10,000+ VPD)
- Outstanding Demographics: With a 5-Mile Population Over 335,000 & an Average HH Income Over $85,000
- Dense Industrial & Retail Area with Anchor Tenants Walmart, Aldi, & Kroger | Located 10 Miles Outside George Bush Intercontinental Airport
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Houston | 4th Fastest Growing MSA in the Nation | Population: 2.3M+