7-Eleven Convenience
5500 W Davis St, Conroe, TX 77304
For Sale
Contact for pricing
An absolute NNN lease has approximately eight years remaining in its primary term.
Property Size7,600 SF
Lot Size1.69 Acres
Price / SF$1,020
Days on Market12
Property Features for 5500 W Davis St
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Traffic Count
Building Details
Year Renovated
Buildings
Tenancy
Listing Agency:
Secure Net Lease
Listed By:
Bob Moorhead · License TX #548333
(214) 522-7210
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 2:22PM
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 Secure Net Lease
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Investment Insights
Based on property information with market context.
This 7-Eleven convenience store occupies a ±7,600 SF building on ±1.69 acres. Renovated in 2019, the property is leased on an absolute NNN basis, with approximately 8 years left in the primary term. The lease provides for 10% rent increases every 5 years during the primary term and option periods, and the property has a 5.15% cap rate.
The site fronts West Davis Street in Conroe, which carries approximately 43,248 vehicles per day. Nearby national retailers and restaurants include Target, Best Buy, Starbucks, CVS, and The Home Depot. The tenant is corporate-operated, and the source identifies 7-Eleven as an S&P A- rated company with more than 86,000 locations.
The site fronts West Davis Street in Conroe, which carries approximately 43,248 vehicles per day. Nearby national retailers and restaurants include Target, Best Buy, Starbucks, CVS, and The Home Depot. The tenant is corporate-operated, and the source identifies 7-Eleven as an S&P A- rated company with more than 86,000 locations.
Key Highlights
- ±7,600 SF convenience store building on ±1.69 acres
- Absolute NNN lease with approximately 8 years remaining in the primary term
- 10% rent increases every 5 years during the primary term and option periods
Property Analytics
Who owns this building?
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Current Use
Lease Details
43,248 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
20k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
7,783 visits/mo
0.1 miles
Valero Energy
Shops & Services
7,507 visits/mo
0.1 miles
Circle K
Shops & Services
3,664 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
771 visits/mo
0.1 miles
Demographics for 77304, TX
35,969
Population
18,462
Households
1.9
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
40.0 sq mi
ZIP Area
899
Density / Sq Mi
$78,574
Median Household Income
$43,314
Median Earnings
$1,397
Median Rent
$324,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An absolute NNN lease has approximately eight years remaining in its primary term.
Where is this grocery and convenience store located?
The property is located at 5500 W Davis St Conroe, TX.
What is the asking price?
The asking price for this property is $7,759,000.
What are key features of this property?
This property features: ±7,600 SF convenience store building on ±1.69 acres; Absolute NNN lease with approximately 8 years remaining in the primary term; 10% rent increases every 5 years during the primary term and option periods
