Houston Area Investment
For Sale
Contact for pricing
Pending
1324 Harris Ave, Pasadena, TX 77506
Single tenant NNN lease with strong operator in Houston.
Property Size9,000 SF
Lot Size1.25 Acres
Days on Market172
Property Features for 1324 Harris Ave
General Information
Standard status
Pending
Size
9,000 SF
Lot size
1.25 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$417,431
Building Details
Year Built
2011
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Anchor Point Capital
Listed By:
Eric Vu · License #01913407
Source:
Crexi
Added: Feb 20
Changed: Aug 10
Last Checked: Aug 10 at 1:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anchor Point Capital
Investment Insights
Based on property information with market context.
This single tenant investment opportunity features a 9,000-square-foot convenience store with 8 pumps, situated on an oversized 1.25-acre lot. The property has a proven history of long-term operational success and consistent performance. The absolute NNN lease has 18 years remaining. The lease guaranty is backed by an operator with over 80 units. The fee simple land and building ownership qualifies for bonus depreciation. The tenant collects additional rental income from subtenants, lowering the master lessee’s operating costs. Rent increases of 12.5% occur every 5 years in the primary term and option periods. The location is in a dense infill area of Houston, Texas, with over 253,000 residents within a 5-mile radius. The property is positioned along Strawberry Road, a main thoroughfare for regional traffic, with over 10,250 cars passing per day along Harris Avenue Road. The area has a stable and established population of over 81,000 households within 5 miles. It is less than 14 miles from Downtown Houston, providing strategic urban access. Transportation fuel and maintenance account for approximately 28.5% of all spending within a 1-mile radius, representing the 2nd highest consumer expenditure. The property is located in the income tax-free state of Texas.
Key Highlights
- Excellent Single Tenant Investment Opportunity with 18 Years Remaining on Absolute NNN Lease.
- Strong Lease Guaranty from an 80+ Unit Operator.
- 12.5% Rent Increases Every 5 Years in Primary Term and Option Periods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
123k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Groceries 33%
Dining 14%
Apparel 6%
Kroger
Groceries
41,016 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,465 visits/mo
0.3 miles
Little Caesars Pizza
Dining
12,198 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
9,523 visits/mo
0.3 miles
Chevron
Shops & Services
7,804 visits/mo
0.5 miles
Demographics for 77506, TX
34,431
Population
11,973
Households
2.9
Avg Household Size
31
Median Age
5%
College-Educated
57%
High-School Grad
11.3 sq mi
ZIP Area
3,047
Density / Sq Mi
$50,045
Median Household Income
$31,621
Median Earnings
$1,049
Median Rent
$131,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Mexico Lindo Market — 2145 Red Bluff Rd, Pasadena, TX 77506
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single tenant NNN lease with strong operator in Houston.
Where is this grocery and convenience store located?
The property is located at 1324 Harris Ave Pasadena, TX.
What is the asking price?
The asking price for this property is $5,963,000.
What are key features of this property?
This property features: Excellent Single Tenant Investment Opportunity with 18 Years Remaining on Absolute NNN Lease.; Strong Lease Guaranty from an 80+ Unit Operator.; 12.5% Rent Increases Every 5 Years in Primary Term and Option Periods.
