7-Eleven Houston, TX

4615 San Jacinto St
Houston, TX

Price: $4,674,000
Cap Rate: 4.75%
NOI: $222,010
Building Size: Approx. 3,193 Sq. Ft.
Lot Size: Approx. 0.3 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built / Renovated: 2010 / 2020

Investment Overview

  • 2020 Renovation 3,193+/- SF Building on 0.30 +/- Acre Site
  • New 15-year Corporate Absolute NNN Lease with 10% rental increases every 5-years with options
  • Strategically located on the corner of San Jacinto St. and Blodgett St. (2,363 VPD)
  • As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
  • 200k people within a 3-miles radius | Over $100k average household income
  • Close proximity to Universities and the Houston Zoo (2.1 million annual visitors) | Rice University (7,500 students) | Houston University (45,364 students)
  • Within 3-miles of NRG Stadium (71,995 capacity) and 2-miles from Minute Maid Park (42,000 capacity)
  • Greater Houston (MSA) | Population 7M+ | 5th largest in the USA