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11921 W Fairmont Pky
La Porte, TX 77571
7-Eleven | La Porte, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Hard-Corner Location: 7-Eleven is positioned at a high-traffic intersection along Fairmont Parkway, a primary east-west corridor.
- Rent Growth Schedule: Rental increases of 7.50% every five years throughout the lease term and options, ensuring long-term NOI growth.
- New Construction with Modern Design: The 4,650 SF building on 2.97 acres provides long-term durability and low maintenance requirements.
- Absolute NNN Lease: Zero landlord responsibilities—tenant covers all expenses, including taxes, insurance, and maintenance
- Surrounded by Major Employers: Proximity to the Port of Houston, the Bayport Industrial District, and major petrochemical plants.
- High Visibility & Easy Access: Strategically located near State Highway 146, drawing both commuter and local traffic.
EXECUTIVE SUMMARY
15-Year Corporate Lease: Secure long-term cash flow backed by 7-Eleven, Inc., a market leader in convenience retailing.
Attractive Rent Growth: 7.50% rental increases every five years, driving long-term income appreciation.
No Landlord Responsibilities: Absolute NNN lease, with the tenant responsible for all taxes, insurance, and maintenance.
Corporate Guarantee: Backed by 7-Eleven, Inc., with over 13,000 locations in the U.S. and Canada.
Strategic Hard-Corner Site: Located at the signalized intersection of Fairmont Parkway (37,000 VPD) & Bay Area Blvd (15,330 VPD).
Immediate Access to Highway 146: Just off a major thoroughfare connecting Houston to Galveston with over 88,100 vehicles per day.
Attractive Rent Growth: 7.50% rental increases every five years, driving long-term income appreciation.
No Landlord Responsibilities: Absolute NNN lease, with the tenant responsible for all taxes, insurance, and maintenance.
Corporate Guarantee: Backed by 7-Eleven, Inc., with over 13,000 locations in the U.S. and Canada.
Strategic Hard-Corner Site: Located at the signalized intersection of Fairmont Parkway (37,000 VPD) & Bay Area Blvd (15,330 VPD).
Immediate Access to Highway 146: Just off a major thoroughfare connecting Houston to Galveston with over 88,100 vehicles per day.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
Year Built
2024
Price
$11,084,401 CAD
Price Per SF
$2,383.74 CAD
Cap Rate
5.25%
NOI
$581,930 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.97 AC
Frontage
264’ on West Fairmont Parkway
PROPERTY TAXES
| Parcel Number | 0440510000100 | Improvements Assessment | $0 CAD |
| Land Assessment | $10,209,735 CAD | Total Assessment | $10,209,735 CAD |
PROPERTY TAXES
Parcel Number
0440510000100
Land Assessment
$10,209,735 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,209,735 CAD
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