Auto Service - Gas-Conv
7-Eleven – Positioned in Dense Retail Corridor 620 (32,615 VPD)
2600 S Richey St, Houston, TX 77017
Listing Price: $5,720,000
Cap Rate
5.00%
Tenant Name
7-Eleven Inc., A Texas Corporation
Years Remaining On Lease
11.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,900.33
Lease Type
Absolute Net
Rent Per Square Feet
$95.02
Investment Overview
2600 S. Richey St, Houston, TX
7-Eleven – Positioned in Dense Retail Corridor 620 (32,615 VPD)
Investment Highlights
- ABSOLUTE NET LEASE | NO LANDLORD RESPONSIBILITIES: The property is secured by a 15-year absolute NNN lease with 11 years remaining.
- ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS: 10% rent increases every 5 years, with four (4) five-year renewal options.
- HIGH-TRAFFIC LOCATION IN HOUSTON, TX | 2ND FASTEST GROWING MSA IN U.S.: Positioned in a dense retail corridor with significant daily traffic at an intersection (32,615 VPD).
- GLOBAL BRAND WITH STRONG CORPORATE GUARANTY: Leased to 7-Eleven, Inc. A Texas Corporation, a subsidiary of Seven & i Holdings Co., Ltd., the world's largest convenience store chain.
- HOUSTON MSA | THIRD-LARGEST METRO ECONOMY IN THE U.S.: Houston's MSA boasts a population of approximately 7.5 million and is home to 23 Fortune 500 headquarters, the Texas Medical Center, and NASA's Johnson Space Center.
Exclusively Listed By
Broker of Record
Financing By
Auto Service - Gas-Conv
7-Eleven – Positioned in Dense Retail Corridor 620 (32,615 VPD)
Listing Price: $5,720,000
Cap Rate
5.00%
Tenant Name
7-Eleven Inc., A Texas Corporation
Years Remaining On Lease
11.7
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$1,900.33
Lease Type
Absolute Net
Rent Per Square Feet
$95.02
Investment Highlights
- ABSOLUTE NET LEASE | NO LANDLORD RESPONSIBILITIES: The property is secured by a 15-year absolute NNN lease with 11 years remaining.
- ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS: 10% rent increases every 5 years, with four (4) five-year renewal options.
- HIGH-TRAFFIC LOCATION IN HOUSTON, TX | 2ND FASTEST GROWING MSA IN U.S.: Positioned in a dense retail corridor with significant daily traffic at an intersection (32,615 VPD).
- GLOBAL BRAND WITH STRONG CORPORATE GUARANTY: Leased to 7-Eleven, Inc. A Texas Corporation, a subsidiary of Seven & i Holdings Co., Ltd., the world's largest convenience store chain.
- HOUSTON MSA | THIRD-LARGEST METRO ECONOMY IN THE U.S.: Houston's MSA boasts a population of approximately 7.5 million and is home to 23 Fortune 500 headquarters, the Texas Medical Center, and NASA's Johnson Space Center.
Investment Overview
2600 S. Richey St, Houston, TX
Exclusively Listed By
Broker of Record
Financing By
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