Exxon | New 15yr Abs NNN w/ Incrs 4624 Navigation Blvd 2 800 pi² Commerce de détail Immeuble Houston, TX 77011 7 725 043 $ CAD (2 758,94 $ CAD/pi²) 6,25% Taux de capitalisation

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, gas station investment property located in Houston, Texas. The tenant, Navigation Business LLC, will sign a brand-new 15-year lease at the close of escrow (sale leaseback) with
2 (5-year) options to extend, demonstrating their commitment to the site. The The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property was fully renovated into an Exxon branded fuel station in 2024 and has strong fuel sales (Contact Agent for Details) meeting the IRS requirements to qualify for bonus depreciation giving an investor significant tax benefits.