1324 Harris Ave - Freestanding FOR SALE


Pasadena, TX 77506- Downtown Pasadena
$5,963,000 USD
888-993-5344
1324 Harris Ave, Pasadena, TX for Sale
$5,963,000 USD
Freestanding - FOR SALE
1/8
null | 7% Cap Rate

1324 Harris Ave
Pasadena, TX 77506
Downtown Pasadena


HIGHLIGHTS

  • 18 Years Remaining on Absolute NNN Lease; 12.5% Rent Increases Every 5 Years in Primary Term and Option Periods
  • Strong Lease Guaranty; 80+ Unit Operator; Contact Broker for Details
  • Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with a Tax Professional)
  • Large 9,000 Square Feet Convenience Store with 8 Pumps; Oversized 1.25 Acre Lot
  • Dense Infill Houston, TX Location; Over 253,000 Residents within 5 Miles; Over 10,250 Cars Per Day along Harris Avenue Road
  • Transportation Fuel and Maintenance is the 2nd Highest Consumer Expenditure within 1 Mile: ~28.5% of all Spending

OVERVIEW

1324 Harris Avenue in Pasadena, Texas, offers a strong retail investment in the Houston metro area. The property is secured by an absolute NNN lease with about 18 years remaining, providing stable, long-term income. Scheduled rent increases of 12.5% every five years add to the property’s growth potential. The site includes a 9,000-square-foot convenience store with eight fueling stations on a 1.08-acre lot, supported by ample parking. Located on a busy corridor with over 10,250 vehicles per day and a population of more than 253,000 within five miles, the property benefits from excellent visibility and strong consumer demand. Backed by an experienced operator with 80+ locations, this asset offers reliable tenancy and qualifies for bonus depreciation (consult a tax professional). With a 7% cap rate, this is a compelling opportunity for investors seeking a secure, income-producing property in a high-traffic Houston-area location.

FOR SALE DETAILS

PRICE

$5,963,000 USD

PRICE/SF

$663 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abs. NNN Lease Conoco | Houston, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

0720800050003

ASK ABOUT THIS PROPERTY

Eric VuAnchor Point CapitalMore Info
888-993-5344

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Eric VuAnchor Point CapitalMore Info
888-993-5344

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