1206 Barker Cypress Rd - Service Station FOR SALE


Houston, TX 77084
$3,533,000 USD
508-272-0585
1206 Barker Cypress Rd, Houston, TX for Sale
$3,533,000 USD
Service Station - FOR SALE
1/4
null | 5% Cap Rate

1206 Barker Cypress Rd
Houston, TX 77084


HIGHLIGHTS

  • DENSE & AFFLUENT HOUSTON TRADE AREA
  • HIGH-TRAFFIC SIGNALIZED LOCATION ALONG I-10
  • 10 YEARS OF REMAINING TERM WITH EMBEDDED RENT GROWTH

OVERVIEW

ABSOLUTE NNN GROUND LEASE | ZERO LANDLORD RESPONSIBILITIES - ?The Property is leased on an Absolute NNN ground lease structure, providing investors with a durable income stream CORPORATE 7-ELEVEN GUARANTY - ?The lease is corporately guaranteed by 7-Eleven, Inc., the world's largest convenience store operator with more than 83,000 locations across 19 countries 10 YEARS OF REMAINING TERM WITH EMBEDDED RENT GROWTH - ?The lease features approximately 10 years of remaining term with 10% rental increases every five years and throughout the option periods, providing predictable income growth over the hold period HIGH-TRAFFIC SIGNALIZED LOCATION ALONG I-10 - ?The Property is positioned at the signalized intersection of Barker Cypress Road and Interstate 10, benefiting from immediate access and visibility along one of west Houston's primary commuter and commercial corridors with more than 247,000 vehicles per day on I-10 DENSE & AFFLUENT HOUSTON TRADE AREA - ?The surrounding trade area includes more than 268,000 residents within five miles and average household incomes exceeding $116,000, supporting consistent demand for daily-needs convenience retail LOCATED IN THE HOUSTON MSA - ?Houston is the fifth-largest metro in the United States, with more than 7.3 million residents and a diversified economy anchored by energy, healthcare, aerospace, manufacturing, logistics, and international trade

FOR SALE DETAILS

PRICE

$3,533,000 USD

PRICE/SF

$867 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Freestanding 7-Eleven | Huston, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

-

APN/PARCEL ID

1502050010004

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.