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Auto Service - Gas-Conv

Gas Station - Greenhouse Development

19520 Longenbaugh Road, Cypress, TX 77433

Listing Price: $6,800,000

Cap Rate
18.39%
Tenant Name
N/A
Guarantor
No Guarantee
Rentable SF
8,100
Lease Type
Full Service Gross with Expense Stops

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a modern brand-new, turn-key, high volume 5,100 sq/ft gas station and convenience store with 3,000 square feet of vacant retail space that could be separated into two suites. The Property is conveniently located on the hard corner of Greenhouse Road and Logenbaugh Road in Houston, Texas. It is situated on 1.63 acres with an 8,100 square foot building. This property is being offered for sale with the business and real estate, the subject property will be delivered without a fuel contract, giving a new investor the immediate upside to choose its own supplier and rebrand the store. The subject property is located in a high-income producing area with traffic counts up to 51,000 VPD. With an expected completion of construction date of October 3rd 2022, the investor would have the convenience of a completely turn-key investment.

Investment Highlights

  • Brand new turn-key Modern Build Gas Station
  • 5,100 Sq/Ft Convenience - 3,000 Sq/Ft Retail w/Drive Thru
  • No Fuel Contract
  • Ten (10) MPDs with Twenty (20) Fueling Stations
  • Traffic Counts of 51,000 VPD

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Gas Station - Greenhouse Development

Listing Price: $6,800,000

Cap Rate
18.39%
Tenant Name
N/A
Guarantor
No Guarantee
Rentable SF
8,100
Lease Type
Full Service Gross with Expense Stops

Investment Highlights

  • Brand new turn-key Modern Build Gas Station
  • 5,100 Sq/Ft Convenience - 3,000 Sq/Ft Retail w/Drive Thru
  • No Fuel Contract
  • Ten (10) MPDs with Twenty (20) Fueling Stations
  • Traffic Counts of 51,000 VPD

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a modern brand-new, turn-key, high volume 5,100 sq/ft gas station and convenience store with 3,000 square feet of vacant retail space that could be separated into two suites. The Property is conveniently located on the hard corner of Greenhouse Road and Logenbaugh Road in Houston, Texas. It is situated on 1.63 acres with an 8,100 square foot building. This property is being offered for sale with the business and real estate, the subject property will be delivered without a fuel contract, giving a new investor the immediate upside to choose its own supplier and rebrand the store. The subject property is located in a high-income producing area with traffic counts up to 51,000 VPD. With an expected completion of construction date of October 3rd 2022, the investor would have the convenience of a completely turn-key investment.

Exclusively Listed By

Financing By

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