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9275 Farm To Market 1960 Rd Houston, TX 77070

OFF-MARKET Retail properties & Spaces Google Maps
4,842 SF 1.68 ac lot Built 2022
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 4,842 square foot 7-Eleven and Laredo Taco, situated on a 1.68-acre lot in Houston, Texas. The property boasts a 15-year absolute NNN lease, commencing October 20, 2022, and expiring October 31, 2037, with five 5-year renewal options. The lease includes a corporate guarantee from 7-Eleven, a globally recognized brand, and features a 7.5% rent increase every five years throughout the primary term and option periods. Built in 2022, this single-tenant property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $296,458, representing a 5.00% cap rate. The asking price is $5,930,000, or $1,224.70 per square foot. The property's prime location at 9275 Farm to Market 1960 Rd W, Houston, TX 77070, benefits from high visibility and traffic volume on FM 1960 Rd W/Cypress Creek Pkwy (47,993+ vehicles per day), proximity to major highways including Sam Houston Tollway (138,425 VPD) and Highway 249/Tomball Pkwy (118,960 VPD), and adjacency to an Amazon warehouse, Willowbrook Mall, and Costco. This presents a secure, high-yield investment in a rapidly growing area of Houston, the fifth largest metro area in the U.S. with a population exceeding 2.33 million.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2022
Total area 4,842 SF
Lot 1.68 ac (73,181 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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