7-Eleven | $5,720,000 | 5.00% CAP
» ABSOLUTE NET LEASE | NO LANDLORD RESPONSIBILITIES
The property is secured by a 15-year absolute NNN lease with 11 years remaining.
» ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS
10% rent increases every 5 years, with four (4) five-year renewal options.
» HIGH-TRAFFIC LOCATION IN HOUSTON, TX | 2ND FASTEST GROWING MSA IN U.S.
Positioned in a dense retail corridor with significant daily traffic at an intersection (32,615 VPD).
» GLOBAL BRAND WITH STRONG CORPORATE GUARANTY
Leased to 7-Eleven, Inc. A Texas Corporation, a subsidiary of Seven & i Holdings Co., Ltd., the world’s largest convenience store chain.
» HOUSTON MSA | THIRD-LARGEST METRO ECONOMY IN THE U.S.
Houston’s MSA boasts a population of approximately 7.5 million and is home to 23 Fortune 500 headquarters, the Texas Medical Center, and NASA’s Johnson Space Center.