2213 Spring Stuebner Road
Spring, TX
Price:
$4,723,500
Cap Rate:
4.75%
NOI:
$224,319
Building Size:
Approx. 4,842 Sq. Ft.
Lot Size:
Approx. 0.97 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2019
Investment Overview
- 2019 Construction 4,842+/- SF Building on 0.97 +/- Acre Site
- 15-year Corporate Absolute NNN lease with 10% rent increases every 5-years, starting year 6 in primary term and year 16 in options
- Strategically located in a dense retail trade area featuring The Market at Springwoods Village (167,199 SF), a Kroger anchored shopping center
- As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
- Subject 7-Eleven serves several major HQ’s including Exxon Mobil Campus (10,000 visitors) and Hewlett-Packard (2,400 employees)
- Located 20-miles from downtown Houston, TX and 10-miles from George Bush International Airport
- Greater Houston (MSA) | 5th largest MSA in the U.S. | Population 7M+