7-Eleven w/ Laredo Taco Katy, TX

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+