Description

This property offers 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 renewal 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, providing potential tax advantages subject to consultation with a tax professional. The property consists of a 3,502-square-foot convenience store with eight fueling lanes and benefits from 2% annual rent increases throughout both the primary lease term and option periods, supporting stable long-term income growth. Strategically located within the Houston MSA, the property offers excellent visibility and access along Center Street in Deer Park, a primary retail corridor with approximately 24,100 vehicles passing daily. The surrounding area features a strong mix of national and regional retailers, including Dutch Bros Coffee, Starbucks, Walgreens, Taco Bell, Bealls, Food Town, Firehouse Subs, Sonic Drive-In, and Planet Fitness, contributing to consistent consumer traffic. The property is supported by outstanding demographics, with a population of 186,915 and an average household income of $99,588 within a one-mile radius. Positioned at the center of a well-established residential community, the site is further enhanced by proximity to more than 5,000 students attending Deer Park High School, JP Dabbs Elementary, and Deer Park Elementary School. Additionally, Deer Park’s location within the Houston MSA places it near the nation’s leading energy industry hub and the broader Energy Corridor, benefiting from substantial regional employment and economic activity.