4901 W Pasadena Blvd - Convenience Store FOR SALE


Deer Park, TX 77536
$2,300,000 USD
310-850-3124
4901 W Pasadena Blvd, Deer Park, TX for Sale
$2,300,000 USD
Convenience Store - FOR SALE
1/5
null | 8.5% Cap Rate

4901 W Pasadena Blvd
Deer Park, TX 77536


HIGHLIGHTS

  • The property features a 20-year absolute NNN lease with 2% annual rent increases and 4. 5-year options
  • Strong location both inside sales and fuel; Situated in an extremely dense residential area perfect for high volume gas station/C-store sale
  • 5+ residential apartment complexes within a 1.5-mile radius; 3.2 miles from 350-bed Bayshore Medical Tower
  • Strong demographics with almost 200k residents and an average household income of nearly 80k within 5 miles
  • 4.5 miles away from Walmart Supercenter; 20 miles to Downtown Houston; 8.75 miles from William P. Hobby Airport; Recorded 14M passengers last 2023
  • Situated along W Pasadena Blvd with a significant traffic volume of 18,500 VPD

OVERVIEW

The property features a 20-year absolute NNN lease, which includes 2% annual rent increases and four 5-year options for renewal. It will be operated by Viper Fuel, a well-regarded entity in the industry (see OM for further details). This location is recognized for its strong performance in both inside sales and fuel, indicating robust business operations. Situated in an extremely dense residential area, the property is ideally positioned to capitalize on high-volume gas station and convenience store sales, making it a strategic investment opportunity with significant potential for sustained revenue growth.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$767 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

0572280000013

ASK ABOUT THIS PROPERTY

Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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