7-Eleven Spring, TX

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
  • 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+