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7-Eleven 7303 Fairmont Pky 4,650 SF Retail Building Pasadena, TX 77505 $8,895,795 CAD ($1,913.07 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 2020 Construction. 4,650+/- SF Building on 1.42+/- Acre Site
- Strong Signalized Corner Location with 59,000+ VPD Center Street and Fairmont Pkwy Serve as Primary Thoroughfares
- 7-Eleven Is the Largest Convenience Retailer in the World with 85,000+ Stores in 20 Countries
- Attractive Tax Advantages via reinstated Bonus Depreciation
- Excellent Population Density the 5-Mile Radius Population Exceeds 200,000 People
- Pasadena | Located in the Houston, TX MSA | MSA Population: 7.7M+
EXECUTIVE SUMMARY
10 Years Remaining on Abs. NNN Lease with 10% Rental Increases Every 5 Years in both the Primary Term and (4) 5-Year Options
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
Year Built
2020
Price
$8,895,795 CAD
Price Per SF
$1,913.07 CAD
Cap Rate
5%
NOI
$444,790 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.42 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1409090020001 | Improvements Assessment | $1,756,433 CAD |
| Land Assessment | $1,308,691 CAD | Total Assessment | $3,065,124 CAD |
PROPERTY TAXES
Parcel Number
1409090020001
Land Assessment
$1,308,691 CAD
Improvements Assessment
$1,756,433 CAD
Total Assessment
$3,065,124 CAD
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7-Eleven | 7303 Fairmont Pky
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