Vacant-User
Chevron | Settler's Food Mart
21085 FM 529, Cypress, TX 77433
Listing Price: $5,300,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer Chevron | Settler's Food Mart, a premier owner-user and investment opportunity located in one of Houston's fastest-growing trade areas. This newly developed Chevron-branded gas station and convenience store was constructed in 2023 and sits on a 1.59-acre corner site along FM 529 in Cypress, Texas. The 6,900-square-foot facility features 18 fueling positions, a liquor store, deli income, and a vacant retail suite that presents immediate upside through lease-up. Supported by strong demographics, ongoing residential growth, and multiple revenue streams, the property provides investors with both in-place cash flow and a clear path to increasing NOI through operational efficiencies and additional rental income.
Chevron | Settler's Food Mart
Investment Highlights
- Brand-new 2023 construction — modern building, canopy, and equipment with the full useful life still ahead and minimal near-term capital needs
- High-traffic corridor — over 35,000 vehicles per day pass the site
- Affluent, fast-growing trade area — new residential rooftops continue to deliver, with average household incomes of ~$109K within one mile and ~$133K within five miles
- Diversified profit centers — inside sales, fuel, lottery, and an on-site liquor store
- Consistent daily traffic driver — Cypress Park High School anchors the immediate trade area
- Value-add runway - unleased tenant space of 1,000 SF allows a buyer to capture additional rent
- Car Wash and EV charging connections already in place
Exclusively Listed By
Listing Price: $5,300,000
Investment Highlights
- Brand-new 2023 construction — modern building, canopy, and equipment with the full useful life still ahead and minimal near-term capital needs
- High-traffic corridor — over 35,000 vehicles per day pass the site
- Affluent, fast-growing trade area — new residential rooftops continue to deliver, with average household incomes of ~$109K within one mile and ~$133K within five miles
- Diversified profit centers — inside sales, fuel, lottery, and an on-site liquor store
- Consistent daily traffic driver — Cypress Park High School anchors the immediate trade area
- Value-add runway - unleased tenant space of 1,000 SF allows a buyer to capture additional rent
- Car Wash and EV charging connections already in place
Investment Overview
Marcus & Millichap is pleased to exclusively offer Chevron | Settler's Food Mart, a premier owner-user and investment opportunity located in one of Houston's fastest-growing trade areas. This newly developed Chevron-branded gas station and convenience store was constructed in 2023 and sits on a 1.59-acre corner site along FM 529 in Cypress, Texas. The 6,900-square-foot facility features 18 fueling positions, a liquor store, deli income, and a vacant retail suite that presents immediate upside through lease-up. Supported by strong demographics, ongoing residential growth, and multiple revenue streams, the property provides investors with both in-place cash flow and a clear path to increasing NOI through operational efficiencies and additional rental income.
Exclusively Listed By
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