Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a NNN-leased investment property featuring a Chevron Gas Station, anchored by a McDonald’s restaurant, in Houston, Texas. Built in 2002, the four-tenant property is located at 392 N Sam Houston Parkway, and consists of a 9,502 square foot building on one acre of land with great visibility from the Sam Houston Tollway which sees over 240,000 vehicles a day. The Chevron gas station has a 10-year lease term with four five-year options, providing a stable rental income. The McDonald’s restaurant offers an initial 30-year lease term with three five-year options remaining. In addition to the base rent, the landlord stands receive an additional 6 percent of McDonald’s’ quarterly profits, amounting to an average annual amount of $22,000 per year, giving a new investor the opportunity to capitalize on McDonald’s’ operational success and enhanced returns on their investment. The Imperial Chicken restaurant is in its first year of a ten-year term and includes one five-year option. The vacant unit is set to be master leased by Chevron for a guaranteed term of one year, granting a new investor a guaranteed return and the flexibility to fill the space with a new tenant as needed, creating an appealing opportunity for investors to minimize risk and optimize profitability. With a strong tenant mix and two of the most widely recognized and reputable brands, this investment opportunity provides a new investor the ability to capitalize on their tenant’s success, maximize returns and unlock the full potential of their investment in the thriving Houston market.