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

  • 20-year absolute NNN lease featuring 10% rent increases every five years and four (4) additional five-year renewal options.
  • Thriving community with nearly 200k residents and an $80k average household income within 5 miles.
  • 1,600 apartment units within 1.5 miles
  • Prime frontage to 12,000+ VPD
  • 4.5 miles to Walmart, 20 miles to Downtown Houston, and 9 miles to Hobby Airport with 14M passengers in 2023.

OVERVIEW

Century Partners is pleased to offer a 20-Year Absolute NNN Gas & C-Store investment opportunity in the Houston Metro. The property is secured by a brand-new 20-year absolute NNN lease featuring 10% rent increases every five years and four (4) additional five-year renewal options, providing investors with long-term income stability and built-in rent growth. The tenant, Viper Fuels, is a seasoned Houston-based operator with a portfolio of five units and a proven track record in the market. This strong-performing location benefits from robust in-store sales and fuel volume and is strategically positioned along a major commuter route with consistent daily traffic. The site is further enhanced by its proximity to two major schools, driving steady consumer demand throughout the day. As an added value component, the seller is allocating $100,000 from sale proceeds toward building improvements and upgrades, enhancing the long-term durability and appeal of the asset. This offering presents an excellent opportunity to acquire a passive, high-quality retail investment in one of the nation’s most resilient and growing metropolitan areas.

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 NAME

20-Year Absolute NNN Gas & C-Store Houston Me

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.