2924 Fm 365 Nederland, TX 77627
This exceptional investment opportunity presents a fee-simple ownership of a 3,550 square foot convenience store/QSR/Storefront located at 2924 FM 365, Nederland, Texas, 77627. The property sits on a 0.52-acre lot and is currently 100% occupied under a triple-net (NNN) lease with a corporate guarantee. The lease commenced October 1, 2024, and extends for 20 years, expiring October 1, 2044, with a built-in 3% annual rent increase. The current annual net operating income (NOI) is $59,925, yielding a 6.15% cap rate based on the asking price of $974,390. The tenant, a significant national operator with over 425 locations across 20 states, is responsible for all maintenance, utilities, taxes, and insurance, providing a truly passive income stream for the owner. This presents a rare opportunity to acquire a below $1 million, long-term, net-leased property with exceptional growth potential due to the annual rent escalations. The property's location in Jefferson County, Texas, offers a tax-advantaged environment. The projected cap rate increases to 7.60% within five years due to the built-in rent increases. This is a strong, low-risk investment with significant long-term returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.