7-Eleven

2851 West Mount Houston Road, Houston, TX 77086

$9,015,000

Cap Rate 5.00%

Views: 30 DOM: 58 Updated: 04.22.24 Posted: 03.20.24 Status: Contract

Summary

Price $9,015,000	Built/Renov 2023	Tenant 7-Eleven
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,650	Lease Start 11-01-2023	#Units 83,282
Price/SF $1,938.71	Expiration 11-01-2038	Tenant Type Convenience/Gas
NOI $450,749	R. Term 14.5	Ownership Fee Simple
Rent/SF $96.94	Increases 7.5%/4/yrs	Pop 5Mi 336,553
Lot/AC 3.51	Options 4/5yrs/7.5%	AHHI 5Mi $84,622

Lease Highlights

New 2023 construction
7-Eleven has 14+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities 
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of TX-26 and TC Jester, with access to a substantial combined daily traffic count of 61,000 vehicles. Adjacent to the property lies a 120-acre industrial park, accompanied by several small industrial businesses. Moreover, it stands just one mile south of Antoine Town Center, a retail hub featuring well-known national...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Dense retail corridor
Top 100 MSA
Income tax free state
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Houston, Texas Zip Code 77086 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	15,177	112,853	339,817
2023 Total Population :	15,096	112,818	339,026
2023 Employed Civilian Pop :	6,423	48,879	152,703
2023 Total Businesses :	215	2,670	10,834
2023 Average Household Income :	$ 77,372	$ 66,386	$ 71,042
2023 Total Consumer Spending :	$ 297 M	$ 2038 M	$ 6932 M
2023 Median Age :	29	32	32
2023 Total Households :	4,320	34,922	111,106
2023 Pop Age 25+: Bachelor's Degree :	481	6,965	26,694
2023 Average Home Value :	$ 252,230	$ 228,654	$ 247,587

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
McKinley St	W Mount Houston Rd	2011	760	0.03 mi
West Mount Houston Road	Tomball Pkwy	2022	49,077	0.16 mi
West Mount Houston Road	Tomball Pkwy	2019	51,000	0.16 mi
Big John St	W Mount Houston Rd	2006	590	0.18 mi
W Mount Houston Rd	Tomball Pkwy	2013	40,713	0.25 mi
Lynda Dr	W Mount Houston Rd	2011	350	0.30 mi
Moonglow Dr		2011	570	0.35 mi
Tomball Pkwy	W Mount Houston Rd	2002	51,000	0.37 mi
W Montgomery Rd	Mount Houston Rd	2011	19,890	0.43 mi
West Montgomery Road	Jorent Dr	2019	20,286	0.44 mi

Listing Broker

Edward Benton

Secure Net Lease

Contact

20 Listings
650 Views
2 Sold

Bob Moorhead

Secure Net Lease

Contact

49 Listings
2109 Views
27 Sold

Edward Benton

With over 13 years of commercial real estate experience and a diverse investment sales background, Ed Benton advises clients in the acquisition and disposition of multi-tenant and single tenant investment properties nationwide. Ed started his career with Marcus & Millichap in 2006 and worked at a boutique retail development and brokerage company before joining Secure Net Lease in August of 2019. Ed’s wide breadth of experience working with developers and restaurant operators as well as p

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Bob Moorhead

Bob Moorhead is a founding partner of Secure Net Lease and brings over 20 years of commercial real estate experience to the executive team. Prior to Secure Net Lease, Bob was the Managing Director of EXP Realty Advisors (formerly Kimco Exchange Place) Dallas, Texas office. While at EXP, Bob was a top producer and responsible for establishing the Dallas office, building the team and platform. Since 2011, Bob has been involved in over 600 transactions with a value exceeding $1.5 billion.

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