Description

This property represents an outstanding single-tenant investment opportunity with 19.5 years remaining on an absolute NNN lease, including four 5-year renewal options, providing up to 40 years of potential lease term. The lease includes annual 2% escalations 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 and may qualify for bonus depreciation (consult your CPA). Additional rental income from subtenants further reduces the master lessee’s operating costs. The property features a large 4,728 sq. ft. convenience store on an oversized 1.90-acre lot with eight fuel pumps and high-capacity retail infrastructure, demonstrating a proven long-term operational track record and exceptional site-level performance. Strategically located in a dense infill area of the Houston MSA, the site serves over 252,000 residents within five miles and experiences traffic exceeding 22,000 vehicles per day along Pasadena Blvd. The surrounding population is stable and growing, with more than 80,000 households within five miles and projected population growth from 2024–2029. Less than 20 minutes from downtown Houston, the location offers strategic urban access, while fuel and convenience retail remain the second-highest consumer expenditure within one mile, reinforcing the property’s strong investment potential.