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+