Description

This property offers a premier single-tenant investment opportunity with 19.5 years remaining on an absolute NNN lease, including four 5-year renewal options, providing up to 40 years of potential lease term. The lease features annual 2% escalations and is supported by a strong guaranty (contact broker for details). Offered as a fee simple sale, the asset includes both land and building ownership and may qualify for bonus depreciation (consult your CPA). Substantial rental income from subtenants further reduces the master lessee’s operating costs. The property encompasses a large 11,485 sq. ft. shopping center on an oversized 1.67-acre lot, equipped with 16 fuel pumps and a high-capacity convenience store, reflecting a proven long-term operational track record and exceptional site-level performance. Strategically located in a dense infill area of the Houston MSA, the site serves over 307,000 residents within five miles and benefits from high visibility along a major corridor with more than 28,000 vehicles per day at the intersection of Bammel N. Rd. and Champion Forrest Dr. The surrounding area is affluent and growing, with over 104,000 households within five miles and projected population growth from 2024–2029. Just 20 miles from downtown Houston, the property offers strategic urban access, while fuel and convenience retail represent the highest consumer expenditure within one mile, underscoring the location’s long-term investment potential.