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Absolute NNN Gas Station with Shopping Center | 5035 Farm to Market 2920

5035 Farm to Market 2920, Spring, TX 77388
Available Now
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FOR SALERetail / Gas Station
Cap Rate
7.5%
NOI
$606,645
Building Size
12,824SF
Lot Size
1Ac
Year Built
1998
Year Renovated
2025
Listing Contacts
Managing Principal

More property details

Occupancy
100%
Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
No of Buildings
1
No of Stories
1
Ownership
Fee Simple

Location

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Absolute NNN Gas Station with Shopping Center | 5035 Farm to Market 2920
About the location

This offering represents an excellent single-tenant investment opportunity in the Houston MSA, featuring a recently remodeled and rebranded 12,824-square-foot convenience store completed in 2025. The property sits on a 1.00-acre lot with 10 fuel pumps and is secured by a new 20-year absolute NNN lease with zero landlord responsibilities, offering up to 40 years of potential lease term. The lease includes 2% annual rent increases throughout the primary term and option periods, along with additional income from subtenants that helps offset operating costs for the master lessee. The asset is fee simple, including both land and building, and may qualify for bonus depreciation (buyers should consult a CPA), supported by a strong lease guaranty (contact broker for details). Located in a dense infill area with over 230,000 residents within five miles, the property benefits from traffic counts exceeding 33,500 vehicles per day along Farm-to-Market 2920 and is situated in an affluent pocket of Houston with average household incomes surpassing $117,000 within three miles. Positioned approximately 30 minutes from downtown Houston, the site offers strategic urban access and is supported by strong consumer spending trends, with transportation fuel and maintenance ranking as the second-highest expenditure category locally, making this a stable, income-producing investment in a growing, income tax-free state.

Absolute NNN Gas Station with Shopping Center | 5035 Farm to Market 2920
12,824 SF · retail · United States · TX