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20-Year Absolute NNN Gas & C-Store 4901 W Pasadena Blvd 3,000 SF Retail Building Deer Park, TX 77536 $3,210,616 CAD ($1,070.21 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- The property features a 20-year absolute NNN lease with 10% increases every 5 years
- Situated amidst two major schools on major commute route
- 4.5 miles to Walmart, 20 miles to Downtown Houston, and 9 miles to Hobby Airport with 14M passengers in 2023.
- Situated along W Pasadena Blvd with a significant traffic volume of 18,500 VPD
- Thriving community with nearly 200k residents and an $80k average household income within 5 miles
- $100,000 allocation from sale proceeds for building improvements and upgrades
EXECUTIVE SUMMARY
Century Partners is pleased to present the opportunity to acquire this Gas Station / C-Store property secured by a 20-year absolute NNN lease, to be executed at close of escrow.
Operated by Viper Fuels, an experienced Houston-based operator, this highly seasoned gas station site has been in operation as a gas station for over 50 years, located within a dense residential section of Houston, providing a stable, proven long-term net leased investment with strong surrounding real estate fundamentals.
Houston is one of the most car-dependent cities in the world and has grown significantly over the past decade, ensuring long-term in-built demand.
Operated by Viper Fuels, an experienced Houston-based operator, this highly seasoned gas station site has been in operation as a gas station for over 50 years, located within a dense residential section of Houston, providing a stable, proven long-term net leased investment with strong surrounding real estate fundamentals.
Houston is one of the most car-dependent cities in the world and has grown significantly over the past decade, ensuring long-term in-built demand.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,000 SF
Building Class
C
Year Built
1975
Price
$3,210,616 CAD
Price Per SF
$1,070.21 CAD
Cap Rate
8.50%
NOI
$272,902 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.44 AC
Opportunity Zone
Yes
Frontage
AMENITIES
- 24 Hour Access
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Viper Fuels
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Viper Fuels | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0572280000013 | Improvements Assessment | $622,810 CAD |
| Land Assessment | $217,528 CAD | Total Assessment | $840,338 CAD |
PROPERTY TAXES
Parcel Number
0572280000013
Land Assessment
$217,528 CAD
Improvements Assessment
$622,810 CAD
Total Assessment
$840,338 CAD
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20-Year Absolute NNN Gas & C-Store | 4901 W Pasadena Blvd
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