101 W San Augustine St 2,480 SF Retail Building Deer Park, TX 77536 $1,356,842 CAD ($547.11 CAD/SF) 8% Cap Rate

Nestled in Houston, Harris County, Texas, this Retail/Commercial Fuel Service Station, spanning 2,480 SF NRA on a 0.35-acre site, not only boasts a strategic location but also stands as a testament to community engagement. The assessor's parcel number, 011-319-000-0219, distinctly identifies this prime property.
Upon its acquisition in 2022, the property, previously vacant, underwent a transformative journey led by the current owner. The comprehensive renovation included the installation of a new fueling canopy, state-of-the-art fueling pumps, a redesigned interior, updated equipment, and a fresh exterior paint job.
This station strategically operates within the vibrant Houston-The Woodlands-Sugar Land, TX Metropolitan Statistical Area (MSA), spanning nine counties along the Gulf Coast region. Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, and Waller collectively contribute to the dynamic backdrop of this thriving area.
The journey of the community from 2010 to 2023 reveals a story of growth and transformation. The population gracefully increased from 163,824 to 169,359, with households flourishing from 55,189 to 58,845. Families underwent a remarkable evolution, growing from 6,782 to an impressive 42,942. Despite a subtle reduction in household size from 2.96 to 2.86, the area's allure persisted. Owner-occupied housing units rose from 35,762 to 36,999, and renter-occupied units increased from 19,427 to 21,846. The community also witnessed a graceful aging process, with the median age advancing from 32.3 in 2010 to 34.5 in 2023.
In the realm of consumer behavior, the convenience store plays a pivotal role in the lives of residents. Over the last 6 months, 65.7% of adults (6,846) shopped at a convenience store, boasting a Market Penetration Index (MPI) of 103. For those seeking a caffeine fix, 12.5% of adults (1,302) bought brewed coffee in the last 30 days, with an MPI of 104. Cigarette purchases in the same period accounted for 5.6% of adults (584), with an MPI of 92. Additionally, 40.8% of adults (4,249) bought gas at a convenience store, registering an MPI of 103.
Notably, spending patterns at convenience stores reflect diverse preferences. For expenditures below $20, 7.9% (822) of residents contribute to an MPI of 107. In the $20-$39 range, 9.8% (1,017) engage, with an MPI of 99. Spending between $40-$50 involves 7.7% (807) of residents, reflecting an MPI of 100. The $51-$99 range attracts 6.7% (697) with an MPI of 109, while those spending $100 or more constitute 21.2% (2,207) with an MPI of 101.
In essence, this Retail/Commercial Fuel Service Station not only stands as a physical hub but also aligns strategically with the thriving community, reflecting the evolving needs and preferences of the residents it serves.