7-Eleven Pasadena, TX

7303 Fairmont Pkwy
Pasadena, TX

Price: $6,376,000
Cap Rate: 5.00%
NOI: $318,792
Building Size: Approx. 4,650 Sq. Ft.
Lot Size: Approx. 1.42 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction. 4,650+/- SF Building on 1.42+/- Acre Site
  • 9 Years Remaining on Absolute Net Lease with 10% Rental Increases Every 5 Years in Primary Term and (4) 5-Year Options
  • Strong Signalized Corner Location with 59,000+ VPD – Primary N/S and E/W Thoroughfares in the Trade Area
  • Excellent Population Density – 5-Mile Radius Population Exceeds 200,000 People
  • Located in the Houston Metro Area – More than 7.7 M Residents and is the 5th Largest MSA in the U.S.
  • 7-Eleven Is the Largest Convenience Store Chain in the World With 86,000 Stores
  • Pasadena, TX | 8 Miles from Downtown Houston| Houston MSA Population: 7.7M+

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