Houston, TX - 7-Eleven (Gessner)
$5,579,000
7677 Gessner Rd, Houston, TX 77040
5
Cap Rate
278,963
NOI
Details:
Description:
• The tenant currently has 8+ years remaining on their initial lease with
5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 7.50% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• 7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada
• The asset is ideally located in a dense retail/industrial corridor, with numerous nearby national/credit tenants including Subway, Dairy Queen, O’Reilly Auto Parts, Ford, CVS, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Reed Elementary School (815 students), Jersey Village High School (3,364 students) and Post Elementary School (863 students), further increasing consumer traffic to the area
Location
Gallery
