1324 Harris Ave Pasadena, TX 77506

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.