7-Eleven I Portfolio Property Conroe, TX

5500 West Davis Street
Conroe, TX

Price: $7,490,000
Cap Rate: 4.85%
NOI: $363,246
Building Size: Approx. 7,600 Sq. Ft.
Lot Size: Approx. 1.69 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built / Renovated: 2017 / 2019

Investment Overview

  • 2019 Remodel. 7,600+/- SF Building on 1.69+/- Acre Site
  • New 15-Year Corporate Lease with 10% Rent Bumps Every 5-Years
  • Located Along Davis St (28K VDP), Which Leads to I-45
  • Near HEB, ALDI, CVS, Walgreens, McDonalds, Chicken Express
  • Strong Income Demos w/ $113,581 within a 1-Mile Radius
  • Houston-Sugar Land-Baytown MSA is 5th Largest in US
  • Conroe | Near Houston | Population: 87 Thousand+
  • Sold as Portfolio Along w/ Locations in Lavon & Grand Prairie, TX