5513 Spencer Hwy
Pasadena, TX
Price:
$7,587,840
Cap Rate:
5.00%
NOI:
$379,392
Building Size:
Approx. 4,842 Sq. Ft.
Lot Size:
Approx. 2.01 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2022 Construction. 4,842+/- SF Building on 2.01+/- Acre Site
- Brand New 15 Year Abs. NNN Lease w/ 7.5% Rental Increases Every 5 Years
- Hard Corner Location at the Signalized Intersection of Spencer Hwy (29K VPD) & Sam Houston Tollway (81K VPD)
- Large Format 7-Eleven Featuring a Laredo Taco, 66 Parking Stalls (Including 4 Handicap), and 8 MPDs
- Located 1.5 Miles North of Fairway Plaza, Which Features Tenants Such as Best Buy, Michaels, Old Navy, etc.
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Pasadena | 2nd Largest City in the Houston MSA | Population: 152,500+