Description

This offering represents a strong single-tenant investment opportunity featuring a new 20-year absolute NNN lease with zero landlord responsibilities and up to 40 years of potential lease term, including options. The lease is supported by a solid guaranty (contact broker for details) and includes 2% annual rent increases throughout the primary term and renewal periods. The property is offered fee simple, providing full ownership of the land and building, and may qualify for bonus depreciation (buyers should consult a tax professional). The asset consists of a 4,281-square-foot convenience store with eight fueling lanes, benefiting from excellent visibility and access along Bammel North Houston Road. Strategically located within the Houston MSA, the property sits in a dense infill area with more than 345,000 residents within a five-mile radius and sees traffic counts exceeding 29,000 vehicles per day. The surrounding area is projected to grow by approximately 6% through 2030 and features an affluent demographic, with average household incomes surpassing $116,000 within one mile. Positioned about 30 minutes from downtown Houston, the location is supported by strong consumer spending fundamentals, with transportation fuel and maintenance representing the top expenditure category within three miles at 28.4% of total spending, and benefits from Texas’s income tax-free environment, enhancing its long-term investment appeal.