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7-Eleven with Laredo Taco 11530 Pearland Pky 4,842 SF Retail Building Houston, TX 77089 $8,114,814 CAD ($1,675.92 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Newer Corporate Leased 7-Eleven
- 5.25% Cap Based on the 9/2027 Rent Increase
- Superb Traffic Counts with Excellent Demographics
- Absolute Triple Net Lease
- 7.5% Rent Bumps
- Shadow-Anchored by Target
Executive Summary
7-Eleven and Laredo Taco is a well-maintained absolute triple net retail property with 7-Eleven having a master lease covering the entire property. There is 4,842 square feet of leasable space, set on a 1.18-acre lot. The property is well located in Houston, Texas. Built in 2022, the property is surrounded by multifamily, retail and food options including a Chick-fil-A directly next door, as well as a Whataburger directly next to that. There are 12 fuel pumps, and the property has 15 parking spaces.
PROPERTY HIGHLIGHTS:
• Newer Corporate Leased 7-Eleven
• Absolute Triple Net Lease
• 5.25% Cap Based on the 9/2027 Rent Bump
• 7.5% Rent Bumps
• Superb Traffic Counts with Excellent Demographics
• Shadow-Anchored by Target
PROPERTY HIGHLIGHTS:
• Newer Corporate Leased 7-Eleven
• Absolute Triple Net Lease
• 5.25% Cap Based on the 9/2027 Rent Bump
• 7.5% Rent Bumps
• Superb Traffic Counts with Excellent Demographics
• Shadow-Anchored by Target
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,842 SF
Building Class
C
Year Built
2022
Price
$8,114,814 CAD
Price Per SF
$1,675.92 CAD
Cap Rate
5.25%
NOI
$425,980 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.18 AC
Zoning
None - None
Frontage
224’ on Pearland Parkway
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 7-Eleven
- Retailer
- 4,842 SF
- -
- Aug 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 7-Eleven | Retailer | 4,842 SF | - | Aug 2037 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 15
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7-Eleven with Laredo Taco | 11530 Pearland Pky
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