10670 Little York Rd Houston, TX 77041

Property Details for 10670 Little York Rd

Year built

2021

Construction

STEEL FRAME

Lot size

0.94 lot acres

Property size

7,383 SF

Property type

Gas stations

APN

1248460010001

APU

1248460010001

Description

This exceptional investment opportunity presents a 4,650 square foot 7-Eleven convenience store and gas station located at 10670 W Little York Rd, Houston, TX 77041. The property sits on a 0.95-acre lot and boasts a prominent, signalized hard corner location at the intersection of W Sam Houston Pkwy N (18,400 vehicles per day) and W Little York Rd (26,300 vehicles per day). Built in 2022, this property is under a 15-year absolute NNN lease with a corporate guarantee from 7-Eleven, the world's largest chain store operator (S&P rated A). The lease commenced March 1, 2022, and expires February 28, 2037, with four 5-year renewal options. The lease includes attractive 10% rent bumps every five years, beginning in year six of the primary term and year sixteen of the options. The current annual net operating income (NOI) is $276,878, resulting in a 5.00% capitalization rate. The asking price is $5,538,000, translating to $1,190.97 per square foot. This property benefits from its location within a dense industrial corridor, surrounded by numerous large industrial tenants and a high-growth trade area with over 257,000 residents within a five-mile radius. Houston, the fifth largest metro area in the U.S., boasts a population exceeding 2.33 million, providing a strong and stable market for this investment. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a blue-chip tenant in a prime Houston location. 100% occupancy ensures immediate cash flow.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.5627

Latitude

29.8677

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments