7-Eleven

9275 Farm to Market 1960 Road West, Houston, TX 77070

$5,930,000

Cap Rate 5.00%

Views: 83 DOM: 77 Updated: 10.25.24 Posted: 10.05.24 Status: Active

Summary

Price $5,930,000	Built/Renov 2022	Tenant 7-Eleven
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,842	Lease Start 10-20-2022	#Units 83,282
Price/SF $1,224.70	Expiration 10-31-2037	Tenant Type Convenience/Gas
NOI $296,458	R. Term 12.10	Ownership Fee Simple
Rent/SF $61.23	Increases 7.5%/5/yrs	Pop 5Mi 288,443
Lot/AC 1.68	Options 5/5yrs/7.5%	AHHI 5Mi $115,633

Lease Highlights

New 2022 construction
7-Eleven has 13 years remaining on the current lease term with 5 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of FM 1960 Road West and Perry Road, with access to a combined daily traffic count of 47,993 vehicles. This large-format 7-Eleven sits on a 1.68-acre parcel and features a Laredo Taco, along with 28 parking spaces and 6 MPDs. Additionally, it is conveniently situated just north of Sam Houston Tollway (138,425 VPD)...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Strong demographics
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 77064 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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Listing Broker

Edward Benton

Secure Net Lease

Contact

36 Listings
4433 Views
9 Sold

Bob Moorhead

Secure Net Lease

Contact

85 Listings
9559 Views
34 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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