23013 Clay Rd
Katy, TX
Price:
$6,082,000
Cap Rate:
4.75%
NOI:
$288,888
Building Size:
Approx. 4,842 Sq. Ft.
Lot Size:
Approx. 1.32 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 4,842+/- SF Building on 1.32+/- Acre Site
- New 15 Year Abs. NNN Lease w/ 10% Rental Increases Every 5 Years
- Signalized, Hard Corner Location on Clay Rd (20K VPD) Near Grand Pkwy (113K VPD)
- Large Format 7-Eleven Featuring a Laredo Taco and 8 MPDs
- Surrounded by Highly Sought After Residential Neighborhoods (242K Residents Within 5 Miles)
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Katy | One of Houston’s Fastest Growing Suburbs | Population: 20,000+