12835 Telge Rd Cypress, TX 77429-4102

This exceptional investment opportunity presents a 4,739-square-foot 7-Eleven gas station and convenience store located at 12835 Telge Rd, Cypress, TX 77429, in Harris County. The property, built in 2020, sits on a 2.07-acre lot and is currently operating under a 15-year absolute NNN lease with a corporate guarantee, providing significant financial stability. The lease commenced on June 25, 2019, and has a remaining term of 10.6 years, extending to June 30, 2035. The lease includes a favorable 10% rent increase every five years, ensuring consistent growth in rental income. The current asking price is $7,349,000, representing a price per square foot of $1,550.75 and a 6.00% cap rate. The property boasts a Net Operating Income (NOI) of $440,931 and 100% occupancy. The lease includes five, 5-year renewal options, further securing long-term value. The affluent trade area, with an average household income exceeding $134,411 within a 3-mile radius, contributes to the property's strong performance and future potential. This is a turnkey investment with substantial future rent obligations exceeding $4.7 million.