7-Eleven Houston, TX

13420 Westpark Dr
Houston, TX

Price: $5,812,000
Cap Rate: 5.00%
NOI: $290,595
Building Size: Approx. 4,100 Sq. Ft.
Lot Size: Approx. 1.39 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built / Renovated: 2017 / 2019

Investment Overview

  • 2019 Remodel 4,100+/- SF Building on 1.39+/- Acre Site
  • New 15-Yr Corp. NNN Lease with 10% rent increases every 5-years beginning year 6
  • Strategically located at the intersection of Westpark Dr. (6,000 VPD) and Eldridge Pkwy. (21,000 VPD)
  • The immediate trade area features above average household incomes of approximately $81,355
  • Approximately 186,984 people within a 5-miles radius of the subject property
  • The subject property will benefit from having 450+ single-family homes located directly north and south from the property
  • Within a 5-miles radius there are approximately 186,984 people
  • Notable national credit tenants within the trade area include Home Depot, Lowe’s, HEB, Walmart, Target, ALDI, and many more