7 Eleven C Store

17000 US-59 North, Humble, TX

$7,621,280

Price

5%

Cap Rate

$381,064

NOI

Gallery
Street
Map
Overview
Cap Rate
5%
NOI
$381,064
Cash-on-Cash
5%
Building Size
4,946 sqft
Lot Area
2.76 acres
Occupancy
100%
Class
A
Lease Type
Absolute Net
Year Built
2024
Tenancy
Single
Description

The subject property is a single tenant 7-Eleven Convenience Store in north Houston, Texas. The property consists of a freestanding 4,946 sf retail building on a 2.76 acre parcel at the intersection of Highway 59 (aka Interstate 69) and Rankin Road. This strategic site is just south of the main entrance into the George Bush intercontinental Airport. Fueling areas includes 12 MPDs under canopy serving cars and trucks and a separate area serving the high volume of semi-trucks traveling on the adjacent interstate. Traffic counts along Highway 59 are reported at 228,000 vehicles per day. This is the newest gas station / convenience store on the perimeter of Houston International Airport. Our fifteen year, absolute net lease will begin upon the store opening in December. The management free lease is executed by 7-Eleven, Inc. the country’s largest convenience store chain.

Highlights
  • NEW 7-ELEVEN C-STORE ON 2.76 ACRES
  • ADJACENT TO BUSY US-59
  • FIFTEEN YEAR, ABSOLUTE NET WITH INCREASES
  • ONE EXIT SOUTH OF HOUSTON INTERCONTINENTAL AIRPORT
  • CREDIT RATING "A"
Documents
Title
7-Eleven_Humble_Texas.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery