12680 Beechnut St Houston, TX 77072-3951

Property Details for 12680 Beechnut St

Year built

2005

Construction

STEEL FRAME

Lot size

1.48 lot acres

Property size

1,661 SF

Property type

Grocery and convenience stores

APN

1261120010001

APU

1261120010001

Description

This exceptional investment opportunity presents a fee-simple ownership of a 5,120 square foot, multi-tenant retail property in Houston, Texas. The property, built in 2005, features a Jack in the Box and Chevron, operating under an absolute NNN lease with a strong corporate guarantee. The lease, with a remaining term of 2.2 years, includes two 10-year renewal options and fixed 10% rent bumps every five years. Located at 12680 Beechnut St, Houston, TX 77072, on a 1.48-acre lot, the property boasts high visibility from a signalized intersection with significant daily traffic counts. The property's NOI is $217,419, resulting in a 6.00% cap rate, and the asking price is $3,623,650 ($707.74 per square foot). This offering provides a compelling combination of consistent cash flow and value-add potential, making it an attractive investment for discerning buyers seeking a stable, long-term return in a prime Houston location. The property benefits from multiple ingress/egress points and direct visibility from highly trafficked thoroughfares. The tenant's successful operation since 2005 demonstrates a strong commitment to the site and its strategic location. This is a rare opportunity to acquire a multi-tenant net-leased asset in a rapidly growing metropolitan area. The property's service-based nature and the strength of the tenant brands offer resilience against economic downturns and the rise of e-commerce.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.6037

Latitude

29.6895

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments