3401 Avenue H
Rosenberg, TX
Price:
$6,111,000
Cap Rate:
5.00%
NOI:
$305,558
Building Size:
Approx. 3,900 Sq. Ft.
Lot Size:
Approx. 1.56 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2012 / 2019
Investment Overview
- 2012 Construction w/ 2019 Remodel 3,900+/- SF Building on 1.56+/- Acre Site
- 15-Year Corporate Absolute NNN Lease with 10% rent increases every 5-years
- Strategically located along Ave. H (20,000 VPD), a local retail corridor in downtown Rosenberg that provides excellent visibility of the subject property
- The trading area features above average household incomes of approximately $82,450 within a 5-mile radius of the subject property
- Notable national credit tenants within the trade area include HEB, ALDI, CVS, McDonald’s, Chicken Express, AT&T, Subway, and many more
- The subject property will benefit do to its proximity to multiple other national credit tenants, 6 schools (total of approximately 6,336 students) and one college (Wharton County Junior College)) within 2.5-miles of the subject property
- 7-Eleven is the largest chain store operator with approximately 65,000+ locations operating around the world