Description

This offering presents an excellent single-tenant investment opportunity in the Houston MSA, featuring a 2,191-square-foot convenience store situated on an oversized 1.25-acre lot with 10 fuel pumps. The property is secured by a new 20-year absolute NNN lease with zero landlord responsibilities and offers up to 40 years of potential lease term, supported by a strong lease guaranty (contact broker for details). The lease includes 2% annual rent increases throughout the primary term and option periods, providing consistent income growth, and the asset may qualify for bonus depreciation (buyers should consult a CPA). Backed by a proven history of stable operations, the property is located in a dense infill area with over 318,000 residents and more than 107,000 households within a five-mile radius. Positioned along Walters Road—a key connector through North Houston and Harris County—the site benefits from traffic counts exceeding 16,150 vehicles per day and offers convenient access to downtown Houston in under 30 minutes. Strong consumer demand, particularly in transportation fuel and maintenance, which accounts for approximately 30% of local spending within one mile, further supports the asset’s long-term viability, making it a compelling, income-producing investment in a growing, income tax-free state.