Description

This property represents an exceptional single-tenant investment opportunity featuring a new 20-year absolute NNN lease with up to 40 years of potential lease term remaining through available renewal options. The investment is supported by a strong lease guaranty, with additional details available through the broker, and includes fee simple ownership of both the land and building. The asset may also qualify for bonus depreciation, offering potential tax benefits subject to consultation with a tax professional. The property consists of a 3,473-square-foot convenience store with eight fueling lanes and benefits from 2% annual rent increases throughout both the primary term and option periods, supporting long-term income growth. Strategically located within the Houston MSA, the property offers excellent visibility and access at the signalized hard-corner intersection of Beechnut Street and Cook Road, which experiences approximately 51,500 vehicles per day. The surrounding area features strong demographics, including a population of 525,659 and an average household income of $80,030 within a five-mile radius, supporting consistent consumer demand within this dense and established residential trade area. Positioned within one of the nation’s fastest-growing metropolitan areas, the property also benefits from Houston’s strong economic drivers, including the energy, healthcare, and port-related industries. Additionally, the property is located in Texas, a state with no personal income tax, further enhancing its investment appeal.