12405 S Gessner Rd - Service Station FOR SALE
Houston, TX 77071 |
12405 S Gessner Rd
Houston, TX 77071
HIGHLIGHTS
- 13+ Years Remaining on Primary Term; Original 15 Year Lease; Absolute NNN Lease; Land + Building Ownership
- Excellent Hedge Against Inflation; 12.50% Increases Every 5 Years; Qualifies for Bonus Depreciation (Contact CPA for Details)
- Robust Multi-Unit Guarantor with Strong Financials (Contact Broker for Details); Strong Unit-Level Performance (Contact Broker for Details)
- Hard Four-Way Signalized Corner; Combined 31.5k Cars Per Day; 3,030 SF Convenience Store with 8 Existing Fuel Pumps
- Recent Property Improvements Paid by Tenant in 2019; Four (4), Five (5) Year Option Periods
- Affluent and Dense Demographics: 420k Population within 5 Mile Radius; 147k Households within 5 Mile Radius; $96k AHHI within 10 Mile Radius
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Abs. NNN Lease Chevron | Houston, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
3030
STORIES
1
YEAR BUILT
2008
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
1292750010001
