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Auto Service - Gas-Conv

7 Eleven | Richmond, TX

6909 Grand Mission Blvd, Richmond, TX 77407

Listing Price: $6,000,000

Cap Rate
4.90%
Tenant Name
7-Eleven
Years Remaining On Lease
11.3
Guarantor
Corporate Guarantee
Rentable SF
4,842
Lease Type
Absolute Net
Rent Per Square Feet
$60.72

Investment Overview

Brand-New 2022 Construction Featuring A Corporate-Guaranteed Lease From 7-Eleven, The World’s Largest Convenience Store Chain With Tens Of Thousands Of Locations Worldwide. Long-Term Absolute-Net Structure With No Landlord Obligations; Tenant Responsible For All Operating Expenses Including Roof, Structure, Insurance, And Maintenance. Contractual Rent Escalations Throughout The Primary Term And Options Provide Built-In NOI Growth And Long-Term Inflation Protection. The Property Is Located On Westpark Tollway (50,037 VPD) Serving Dense Master-Planned Residential Communities In Southwest Houston. Richmond Is Part Of The Houston–The Woodlands–Sugar Land MSA—One Of The Largest And Fastest-Growing Metro Areas in U.S. Driving Demand For Daily-Needs Retail Including Fuel And Convenience Services. Recently Developed High-Quality 4,842-Square-Foot Store Built In 2022 On A 1.27-Acre Parcel Designed For High-Traffic Convenience Retail.

Investment Highlights

  • Brand-New 2022 Construction Featuring A Corporate-Guaranteed Lease From 7-Eleven, The World's Largest Convenience Store Chain With Tens Of Thousands Of Locations Worldwide
  • The Property Is Located On Westpark Tollway (50,037 VPD) Serving Dense Master-Planned Residential Communities In Southwest Houston
  • Richmond Is Part Of The Houston–The Woodlands–Sugar Land MSA—One Of The Largest And Fastest-Growing Metro Areas in U.S.Driving Demand For Daily-Needs Retail Including Fuel And Convenience Services

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

7 Eleven | Richmond, TX

Listing Price: $6,000,000

Cap Rate
4.90%
Tenant Name
7-Eleven
Years Remaining On Lease
11.3
Guarantor
Corporate Guarantee
Rentable SF
4,842
Lease Type
Absolute Net
Rent Per Square Feet
$60.72

Investment Highlights

  • Brand-New 2022 Construction Featuring A Corporate-Guaranteed Lease From 7-Eleven, The World's Largest Convenience Store Chain With Tens Of Thousands Of Locations Worldwide
  • The Property Is Located On Westpark Tollway (50,037 VPD) Serving Dense Master-Planned Residential Communities In Southwest Houston
  • Richmond Is Part Of The Houston–The Woodlands–Sugar Land MSA—One Of The Largest And Fastest-Growing Metro Areas in U.S.Driving Demand For Daily-Needs Retail Including Fuel And Convenience Services

Investment Overview

Brand-New 2022 Construction Featuring A Corporate-Guaranteed Lease From 7-Eleven, The World’s Largest Convenience Store Chain With Tens Of Thousands Of Locations Worldwide. Long-Term Absolute-Net Structure With No Landlord Obligations; Tenant Responsible For All Operating Expenses Including Roof, Structure, Insurance, And Maintenance. Contractual Rent Escalations Throughout The Primary Term And Options Provide Built-In NOI Growth And Long-Term Inflation Protection. The Property Is Located On Westpark Tollway (50,037 VPD) Serving Dense Master-Planned Residential Communities In Southwest Houston. Richmond Is Part Of The Houston–The Woodlands–Sugar Land MSA—One Of The Largest And Fastest-Growing Metro Areas in U.S. Driving Demand For Daily-Needs Retail Including Fuel And Convenience Services. Recently Developed High-Quality 4,842-Square-Foot Store Built In 2022 On A 1.27-Acre Parcel Designed For High-Traffic Convenience Retail.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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