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 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 2,600-square-foot convenience store features eight fueling lanes and benefits from 2% annual rent increases throughout both the primary lease term and option periods, providing steady income growth. Strategically positioned within the Houston MSA, the property offers excellent visibility and access along Burke Road at the signalized hard-corner intersection of Burke Road and Vista Road, which experiences approximately 26,900 vehicles per day. The surrounding area boasts a population of more than 311,000 residents with an average household income of $81,371 within a five-mile radius. The site is conveniently located near major daily-needs retailers and services, including a 24-hour Walgreens, Kroger, Bealls, Petco, HCA Houston Healthcare, and St. Luke’s Health Medical Center. Additionally, the property benefits from its location within Houston’s Southeast Industrial and Petrochemical Corridor, drawing consistent traffic from refinery, port, and service-sector employment centers.