Gas Station & C-Store – 20-Year Absolute NNN
350K Nearby Residents | Bonus Depreciation Eligible
Houston, Texas
$7,500,000
Price
8.00%
Cap Rate
$600,000
NOI
Marketing description
Houston, Texas showcases robust economic vitality driven by diverse sectors, including energy, healthcare, and technology. With a dynamic population exceeding 2.3 million, Houston benefits from a favorable business climate and significant infrastructure investments, including the Port of Houston and extensive transportation networks. The city's real estate market is buoyant, reflecting steady growth in residential and commercial sectors.
North Houston, the corridor between Beltway 8 and George Bush Intercontinental Airport, is the metro's logistics and distribution engine, anchored by the airport itself, the Greenspoint business district and its 2,880 companies, and Aldine ISD, a 111-square-mile district employing 9,400 people. Veterans Memorial Drive is one of the corridor's primary north-south arterials, carrying local commuter traffic.
Investment highlights
- 20-year absolute NNN lease to experienced operator
- Zero landlord responsibilities, hands-off investment
- 7.5% increases every 5 years
- Yield grows to 9.94% by Year 16 and 13.27% in the final option.
- Bonus Depreciation Eligible
Advisors
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