21810 Kuykendahl Rd - Service Station FOR SALE


Spring, TX 77389
$6,546,241 USD
407-913-9009
21810 Kuykendahl Rd, Spring, TX for Sale
$6,546,241 USD
Service Station - FOR SALE
1/5
null | 5.4% Cap Rate

21810 Kuykendahl Rd
Spring, TX 77389


HIGHLIGHTS

  • Lease offers 10% rental increases every 5 years providing a strong hedge against inflation.
  • 100% accelerated bonus depreciation has been restored in light of new tax legislation.
  • Investment Grade Credit: 7-Eleven has an S&P rating of A.
  • Property will benefit from the excellent surrounding demographics, with a 5-mile population of 229,755 earning an average household income of $145,320

OVERVIEW

Long Term Commitment: The Property is a rare, fee simple convenience store on a 15- year absolute NNN Lease backed by S&P “A” rated credit. Just under 10 years remain in the primary term, and the five, five-year options extend into 2060. Strategic Position: With frontage on Kuykendahl Road, the Property will benefit from exposure to the nearly 32,000 vehicles per day. Additionally, the Property is one minute from Grand Parkway/TX-99, which experiences more 59,000 vehicles per day and connects the Property to Houston via Interstate 45.

FOR SALE DETAILS

PRICE

$6,546,241 USD

PRICE/SF

$536 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

1546

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

C2

APN/PARCEL ID

1390130010001

ASK ABOUT THIS PROPERTY

Connor ShellStream Capital PartnersMore Info
407-913-9009

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Connor ShellStream Capital PartnersMore Info
407-913-9009

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