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+