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22949 Kuykendahl Rd 4,750 SF Retail Building Tomball, TX 77375 $8,285,629 CAD ($1,744.34 CAD/SF) 6.50% Cap Rate



Investment Highlights
- Corporate-Guaranteed Lease: Lease is guaranteed by 7-Eleven, Inc. (S&P: A-), providing investment-grade credit backing regardless of the operator on s
- Long-Term Remaining Lease: Over 11 years remaining on the primary term, with five, 5-year renewal options.
- 2021 Construction: Modern ±4,750 SF building with a single-row canopy, 8 fueling positions, and 16 pumps on ±1.47 acres.
- Absolute Net Lease: Zero landlord responsibilities, tenant responsible for roof and structure.
- Built-In Rent Growth: 7.5% rental increases every five years and 7.5% in options, providing a hedge against inflation.
- High-Growth Houston Submarket: Located at the signalized intersection of Kuykendahl Rd and Dowdell Rd (combined ±40,373 VPD), minutes from Grand Parkw
Executive Summary
Located along the rapidly growing Kuykendahl Road corridor in southern Tomball, Texas, the Property benefits from its position within one of the Houston metropolitan area's most affluent and fastest-expanding suburban trade areas. Situated near the intersection of Kuykendahl Road and FM 2920, the site enjoys strong visibility and convenient access to major commuter routes serving Tomball, Spring, The Woodlands, and northern Harris County. Continued residential development, population growth, and expanding commercial activity have established the corridor as a highly desirable location for convenience retail and fuel service operators seeking consistent daily traffic and a growing customer base.
The Property is strategically positioned within the greater Houston MSA, the nation's fifth-largest metropolitan area and one of the country's most dynamic economic regions. The surrounding area is supported by a diverse employment base spanning energy, healthcare, logistics, advanced manufacturing, technology, and professional services. Nearby employment centers including The Woodlands, ExxonMobil's Houston Campus, and numerous healthcare and corporate facilities generate substantial commuter traffic throughout the corridor. Strong household incomes, increasing residential density, and continued retail expansion contribute to sustained demand for convenience stores, fuel stations, and quick-service retail offerings.
The Property is strategically positioned within the greater Houston MSA, the nation's fifth-largest metropolitan area and one of the country's most dynamic economic regions. The surrounding area is supported by a diverse employment base spanning energy, healthcare, logistics, advanced manufacturing, technology, and professional services. Nearby employment centers including The Woodlands, ExxonMobil's Houston Campus, and numerous healthcare and corporate facilities generate substantial commuter traffic throughout the corridor. Strong household incomes, increasing residential density, and continued retail expansion contribute to sustained demand for convenience stores, fuel stations, and quick-service retail offerings.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,750 SF
Year Built
2021
Price
$8,285,629 CAD
Price Per SF
$1,744.34 CAD
Cap Rate
6.50%
NOI
$538,566 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.47 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1239310010004 | Improvements Assessment | $2,145,055 CAD |
| Land Assessment | $1,572,281 CAD | Total Assessment | $3,717,336 CAD |
Property Taxes
Parcel Number
1239310010004
Land Assessment
$1,572,281 CAD
Improvements Assessment
$2,145,055 CAD
Total Assessment
$3,717,336 CAD
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22949 Kuykendahl Rd
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