Description

1324 Harris Avenue in Pasadena, Texas, presents a compelling retail investment opportunity within the Houston metro area, featuring an absolute NNN lease with approximately 18 years remaining, ensuring stable and predictable long-term income. The lease includes scheduled rent escalations of 12.5% every five years, enhancing future growth potential. The property consists of a 9,000-square-foot convenience store with eight fueling stations situated on a 1.08-acre lot, offering ample parking and strong functionality. Positioned along a busy corridor with traffic counts exceeding 10,250 vehicles per day and supported by a population of more than 253,000 within a five-mile radius, the site benefits from excellent visibility and consistent consumer demand. Operated by an experienced tenant with over 80 locations, the asset provides dependable occupancy and may qualify for bonus depreciation (buyers should consult a tax professional). With a 7% cap rate, this property represents an attractive, income-generating opportunity for investors seeking stability in a high-traffic Houston-area market.