14702 Telge Rd Cypress, TX 77429-1233
- Gas stations
- 9,556 SF
- 1.84 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service
- Laredo Taco Company / Mexican Restaurant
- 7-Eleven / Mexican Restaurant
Property Details for 14702 Telge Rd
- Year built
- 2020
- Lot size
- 1.84 lot acres
- Property size
- 9,556 SF
- Property type
- Gas stations
- APN
- 1250790010001
- APU
- 1250790010001
Description
Exceptional investment opportunity: This fee-simple 7-Eleven property in Cypress, TX, presents a compelling net lease investment. The 4,842 square foot building, constructed in 2020, sits on a 2.1-acre lot at a hard corner location with high visibility at the signalized intersection of Spring Cypress Road and Telge Road (77,000 vehicles per day). The property benefits from a 15-year absolute NNN lease with 11.4 years remaining, featuring 10% rent bumps every five years. The tenant, 7-Eleven (S&P rated A), is the world's largest convenience store operator, providing significant stability and security. The property boasts a strong NOI of $295,899, resulting in a 5.00% cap rate. Located in a rapidly growing area, Cypress, part of the Houston MSA, has a population exceeding 182,000 and strong income demographics, with an estimated $169,435 average household income within a one-mile radius. This offering presents a rare opportunity to acquire a high-performing, low-maintenance asset with substantial long-term growth potential. The lease commenced April 1, 2021, and expires April 1, 2036. The property's address is 14702 Telge Road, Cypress, TX 77429. This is an absolute NNN lease with a single tenant. The asking price is $5,917,980.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cypress
- County
- Harris
- State
- Texas
- Longitude
- -95.6526
- Latitude
- 29.9919
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
