Houston Area Investment
1324 Harris Ave, Pasadena, TX 77506
Single tenant NNN lease with strong operator in Houston.
Type:Retail
Property size:
9,000 SFLot size:
1.25 AcresPrice / SF:
$662/SF- Added:
- Feb 20, 2026
- Days on Market:
- 81
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1324 Harris Ave
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 1.25 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing agent Eric Vu License #01913407
Listing office Anchor Point Capital
Listing date Feb 20, 2026
Source Crexi
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
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.
- Tenant Collects Additional Rental Income from Subtenants, Lowering Operating Costs.
- Outstanding Location in Dense Infill Houston, TX with Over 253,000 Residents within 5 Miles.
- Large 9,000 Square Feet Convenience Store with 8 Pumps on an Oversized 1.25 Acre Lot.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Taquería Doña Mary
Restaurant
Chevron
Grocery & Convenience Store
Taco Town
Restaurant
Harris Food Mart
Gas Station
Similar Places Nearby
- Pancho's Super Market — 1201 South St, Pasadena, TX 77503
- Mexico Lindo Market — 2145 Red Bluff Rd, Pasadena, TX 77506
- La Montaña Meat Market — 1107 Preston Ave, Pasadena, TX 77503
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Harris
- State
- Texas
- Longitude
- -95.194052
- Latitude
- 29.69817
Nearby Similar for Sale
FAQs
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.
