7-Eleven w/ Laredo Taco Pasadena, TX

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+

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