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Shopping Strip

24 Seven & Burger King

3405 S Sam Houston Pkwy E, Houston, TX 77047

Listing Price: $4,920,000

Cap Rate
5.00%
Gross SF
6,560
Rentable SF
6,560
Price/Gross SF
$750.00
Lot Size
1.54 acres
Year Built
2016

Investment Overview

The offering consists of a 6,560 square foot strip center in Houston, TX. The land totals 1.54 acres and fronts on South Sam Houston Parkway East. It is located on a hard corner and the signalized intersection of Sam Houston Parkway and Scott Street. The asset is adjacent to a strip center and shares the same parking lot. There are also multiple points of entry with abundant parking space and a drive through. The subject property is a fully occupied Shell gas station with a Burger King and a 24 Seven convenience store. Built in 2016, 24 Seven has 9+ years left and Burger King has 5+ years left on their terms. Burger King has four five-year renewal options and 24 Seven has four four-year renewal options, both with 10 percent rental increases each option. The tenant currently reimburses for Taxes, CAM, and Insurance. The property has eight gas pumps owned by the top franchisee of Burger King in the nation. The asset is located in a highly dense region of Southwest Houston. It is located right off Sam Houston Parkway near various apartment buildings, Target, Tom Bass Regional Park, Pearland Golf Club, The Lakes at CountryPlace, Kroger, H-E-B, Walmart Supercenter, Houston healthcare Pearland, and other reputable national retailers. Within a one, three, and five mile radius, the population totals over 9,922, 61,940, and 198,443. Average household incomes are $85,968, $95,036, and $94,811 within a one, three, and five mile radius.

Investment Highlights

  • Hard Corner | Signalized Intersection
  • Built In 2016
  • Triple Nets
  • Multiple Points Of Entry | Abundant Parking
  • Near Target, Kroger, and H-E-B
  • Three Mile Radius: $95,036 AHHI | 61,940 Population

Exclusively Listed By

Financing By

Shopping Strip

24 Seven & Burger King

Listing Price: $4,920,000

Cap Rate
5.00%
Gross SF
6,560
Rentable SF
6,560
Price/Gross SF
$750.00
Lot Size
1.54 acres
Year Built
2016

Investment Highlights

  • Hard Corner | Signalized Intersection
  • Built In 2016
  • Triple Nets
  • Multiple Points Of Entry | Abundant Parking
  • Near Target, Kroger, and H-E-B
  • Three Mile Radius: $95,036 AHHI | 61,940 Population

Investment Overview

The offering consists of a 6,560 square foot strip center in Houston, TX. The land totals 1.54 acres and fronts on South Sam Houston Parkway East. It is located on a hard corner and the signalized intersection of Sam Houston Parkway and Scott Street. The asset is adjacent to a strip center and shares the same parking lot. There are also multiple points of entry with abundant parking space and a drive through. The subject property is a fully occupied Shell gas station with a Burger King and a 24 Seven convenience store. Built in 2016, 24 Seven has 9+ years left and Burger King has 5+ years left on their terms. Burger King has four five-year renewal options and 24 Seven has four four-year renewal options, both with 10 percent rental increases each option. The tenant currently reimburses for Taxes, CAM, and Insurance. The property has eight gas pumps owned by the top franchisee of Burger King in the nation. The asset is located in a highly dense region of Southwest Houston. It is located right off Sam Houston Parkway near various apartment buildings, Target, Tom Bass Regional Park, Pearland Golf Club, The Lakes at CountryPlace, Kroger, H-E-B, Walmart Supercenter, Houston healthcare Pearland, and other reputable national retailers. Within a one, three, and five mile radius, the population totals over 9,922, 61,940, and 198,443. Average household incomes are $85,968, $95,036, and $94,811 within a one, three, and five mile radius.

Exclusively Listed By

Financing By

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