11650 Hempstead Rd Houston, TX 77092-6000

This exceptional investment opportunity presents a 4,568 square foot, Chevron-branded gas station and convenience store in Houston, Texas. Located at a signalized corner intersection on Hempstead Rd and W 34th Street, this property boasts over 25,000 vehicles per day, ensuring high visibility and consistent traffic. The property features six gas pumps and a 4,200 square foot net rentable area. The building, constructed in 1976 and renovated in 1986, sits on a 18,125 square foot lot and is zoned NZ. This is a sale-leaseback opportunity with a 20-year triple net (NNN) lease in place with a corporate guarantee from Saif Malik Enterprises Inc., eliminating landlord responsibilities. The lease includes 2% annual rent bumps. The asking price is $1,750,000, representing a 9.00% cap rate and a price per square foot of $383.10. The current NOI is $157,500. This fee-simple ownership offers a secure, long-term investment with significant upside potential in a rapidly growing area of Houston. Four lease options are available. Financial details are available upon request.