1651 West Parkwood Avenue
Friendswood, TX
Price:
$5,896,000
Cap Rate:
7.00%
NOI:
$412,661
Building Size:
Approx. 7,500 Sq. Ft.
Lot Size:
Approx. 1.63 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2011 / 2019
Investment Overview
- 2011 Construction/2019 Renovation. 7,500+/- SF Building On 1.63+/- Acre Site
- 9+ Years Remaining on 15-Year Absolute NNN Lease with 7-Eleven, Inc
- Hard Corner Location at Signalized Intersection of W Parkwood Ave (FM 528) and San Joaquin Parkway (±33,500 VPD)
- Affluent Submarket of Houston – Within 5-Mile Radius, Population Exceeds ±113,000 w/ Avg. HH Incomes of $143,730
- Neighboring H-E-B, Chick-fil-A, Starbucks, Whataburger, Walgreens, Discount Tire, & More
- 7-Eleven Is The World’s Largest Convenience Retailer With 85,000+ Stores Globally
- Friendswood | Located in the Houston MSA | Population: 40,827+