7-Eleven w/ Laredo Taco South Houston, TX

1202 Spencer Hwy
South Houston, TX

Price: $7,225,580
Cap Rate: 5.00%
NOI: $361,279
Building Size: Approx. 4,754 Sq. Ft.
Lot Size: Approx. 1.4 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2023

Investment Overview

  • 2023 Construction. 4,754/- SF Building on 1.40+/- Acre Site
  • Brand New 14+ Year Absolute NNN Lease w/ 10% Rental Increases
  • Excellent Signalized, Hard Corner Location at the Intersection of Spencer Hwy & South Allen-Genoa Road (50,474 VPD)
  • Outstanding Demographics with a 1-Mile Population Over 20,640 and a 5-Mile Population Over 320,907
  • Dense Retail Corridor Along Spencer Hwy & Just 10 Minutes from William Hobby Airport
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
  • Houston  |  5th Largest MSA in the US  |  Population: 2.33MM+

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