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Auto Service - Gas-Conv

Express Oil Change & Tire Engineers (Mavis) | 15Yr Absolute Net Lease | Brand New 2022 Construction

9711 N Sam Houston Parkway E, Houston, TX 77396

Listing Price: $3,130,000

Cap Rate
5.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
15.0
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$626.00
Lease Type
Absolute Net
Rent Per Square Feet
$31.30

Investment Overview

Humble is a city located in the Houston metropolitan area. Humble became an oil boomtown in the early 20th century when oil was first discovered there in 1904. By 1905, the Humble oilfield was the largest producing oilfield in Texas. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050. As of 2021, Greater Houston is home to the headquarters of 24 Fortune 500 companies, ranking third among all metropolitan statistical areas.

Investment Highlights

  • 15 Year Absolute Net Lease Featuring a 7.5% Rental Increase at Year 11 and Each Option. Brand New 2022 Construction.
  • Positioned Along Area's Traffic & Retail Corridor - Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 13k Vehicles. Immediate Access to/from N Sam Houston Tollway (76k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of $106k+ within a 1-Mile Radius and more than 145k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Kroger, H-E-B, The Home Depot, CVS, Walgreens, Dick's Sporting Goods, Burlington and many more.
  • Mavis Tire Express Service Corp. (Express Oil's Parent Company) Currently Operates over 1,110 Retail Automotive Repair Centers in 26 States, $1.5 Billion of Revenue and Industry-Leading Profit Margins.
  • Minutes from George Bush Intercontinental Airport - serving the Greater Houston Metropolitan Area. 14th Busiest Airport in the U.S. (45M+ Annual Passengers).

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Auto Service - Gas-Conv

Express Oil Change & Tire Engineers (Mavis) | 15Yr Absolute Net Lease | Brand New 2022 Construction

Listing Price: $3,130,000

Cap Rate
5.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
15.0
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$626.00
Lease Type
Absolute Net
Rent Per Square Feet
$31.30

Investment Highlights

  • 15 Year Absolute Net Lease Featuring a 7.5% Rental Increase at Year 11 and Each Option. Brand New 2022 Construction.
  • Positioned Along Area's Traffic & Retail Corridor - Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 13k Vehicles. Immediate Access to/from N Sam Houston Tollway (76k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of $106k+ within a 1-Mile Radius and more than 145k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Kroger, H-E-B, The Home Depot, CVS, Walgreens, Dick's Sporting Goods, Burlington and many more.
  • Mavis Tire Express Service Corp. (Express Oil's Parent Company) Currently Operates over 1,110 Retail Automotive Repair Centers in 26 States, $1.5 Billion of Revenue and Industry-Leading Profit Margins.
  • Minutes from George Bush Intercontinental Airport - serving the Greater Houston Metropolitan Area. 14th Busiest Airport in the U.S. (45M+ Annual Passengers).

Investment Overview

Humble is a city located in the Houston metropolitan area. Humble became an oil boomtown in the early 20th century when oil was first discovered there in 1904. By 1905, the Humble oilfield was the largest producing oilfield in Texas. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050. As of 2021, Greater Houston is home to the headquarters of 24 Fortune 500 companies, ranking third among all metropolitan statistical areas.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

  • Phil Sambazis

    Executive Managing Director Investments

    (858) 373-3174

    Email Phil

    License(s): CA: 01474991

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

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