Description

This property presents an exceptional single-tenant investment opportunity with 19.5 years remaining on an absolute NNN lease, including four 5-year renewal options, offering up to 40 years of potential lease term. The lease features annual 2% escalations during both the primary term and option periods and is backed by a strong guaranty (contact broker for details). Offered as a fee simple sale, the asset includes both land and building ownership, potentially qualifying for bonus depreciation (consult your CPA). The 2,565 sq. ft. convenience store and truck stop sits on a 1.05-acre lot and boasts 13 fuel pumps with a large convenience store, demonstrating a long-term operational success and consistent performance. Strategically located in a dense infill area of the Houston MSA, the site serves over 957,000 residents within 10 miles, including an affluent pocket with average household incomes exceeding $106,000 within three miles. The population is stable and growing, with projected growth over 10% from 2024–2029 within three miles. Positioned on FM 521 Road with traffic exceeding 20,000 vehicles per day and nearly 340,000 households within 10 miles, the property offers strategic urban access less than 20 miles from downtown Houston. Fuel and convenience retail represent the highest consumer expenditure within one mile, further enhancing the long-term investment potential of this top-performing location.