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7-Eleven w/ Laredo Taco 10670 Little York rd

4,650 SF Retail Building Houston, TX 77041 $5,376,000 ($1,156/SF) 5.15% Cap Rate

Investment Highlights

  • 15-Yr Corporate Abs. NNN Lease w/ Rare 10% Rent Bumps Every 5 Yrs., Starting Yr. 6 in Primary Term & Yr. 16 in Options
  • Subject Property is Located in a Dense Industrial Corridor and Surrounded by Several Large Industrial Tenants
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
  • Signalized, Hard Corner Location at the Intersection of W Sam Houston Pkwy N (18,400 VPD) and W Little York Rd (26,300 VPD)
  • High Growth Trade Area in Houston, Surrounded by Over 257,000 Residents Living Within a 5 Mile Radius
  • Houston | 5th Largest Metro in the U.S. | Population: 2.33M+

Executive Summary

Rare NNN lease with 10% rent increases every 5-years, starting year 6 in primary term and year 16 in options.
Excellent Signalized, Hard Corner Location at the intersection of W Sam Houston Pkwy N (18,400 VPD) and W Little York Rd (26,300 VPD). Subject property is located directly off of the Sam Houston Tollway (120,800 VPD), which is an 88-mile beltway around the city of Houston, near the intersection of Sam Houston Tollway and U.S. 290 (76,600 VPD). Large Format 7-Eleven - Sitting on 0.95 acre parcel, new
store features a Laredo Taco, 33 parking stalls (including 2 handicap stalls), and 5 MPDs

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,650 SF
Building Class
C
Year Built
2022
Price
$5,376,000
Price Per SF
$1,156
Cap Rate
5.15%
NOI
$276,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.95 AC
Zoning
F1 - Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1248460010001
Land Assessment
$820,500
Improvements Assessment
$1,213,018
Total Assessment
$2,033,518
  • Listing ID: 31642229

  • Date on Market: 4/29/2024

  • Last Updated:

  • Address: 10670 Little York rd, Houston, TX 77041

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