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Views: 137 Updated: 05.06.24 Posted: 05.31.23 Status: Inactive 05.07.24

Summary

Price $2,689,373
Built/Renov 1997
Tenant UNICO Gas Station
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,616
Lease Start 11-15-2022
#Units 14
Price/SF $743.74
Expiration 11-15-2042
Tenant Type Convenience/Gas
NOI $201,703
R. Term 18.0
Ownership Fee Simple
Rent/SF $55.78
Increases 3.0%/1/yrs
Pop 5Mi 142,322
Lot/AC 1.05
Options 4/5yrs/3%
AHHI 5Mi $64,659

Lease Highlights

  • UNICO branding is coming soon
  • UNICO receives $6k-7k in Popeyes sublease rent each month
  • Tenant has 19+ years remaining in its initial term with 4 (5-year) options to extend
  • Lease features annual rent increases of 3%
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by UNICO Retail, subsidiary of UNICO Commodities, LLC

Location Description

The property is located along the North Earl Rudder Freeway local road at the signalized intersection of Boonville Road, providing exposure to over 87,000 vehicles per day. The gas station has multiple points of ingress and egress, for added convenience and accessibility to customers. Besides being directly off a high traffic freeway, the hard corner site is located across from a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

UNICO Retail, LLC (dba UNICO) is a growing Texas-based service station brand. The private company provides fueling stations and convenience stores. Through their partnership with Phillips 66,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,397 58,254 146,141
2023 Total Population : 8,132 56,242 141,062
2023 Employed Civilian Pop : 3,761 25,861 58,827
2023 Total Businesses : 301 2,796 4,704
2023 Average Household Income : $ 88,915 $ 78,450 $ 67,716
2023 Total Consumer Spending : $ 291 M $ 1502 M $ 3040 M
2023 Median Age : 38 32 25
2023 Total Households : 3,782 21,942 51,103
2023 Pop Age 25+: Bachelor's Degree : 1,579 8,163 15,211
2023 Average Home Value : $ 256,793 $ 260,908 $ 279,753
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Boonville Rd 2002 16,300 0.06 mi
Trophy Dr 2021 9,614 0.17 mi
Boonville Road FM 1179 Rd 2021 20,306 0.19 mi
Boonville Road Austins Colony Pkwy 2020 16,796 0.19 mi
East William J Bryan Parkway N Earl Rudder Fwy 2018 36,999 0.23 mi
East William J Bryan Parkway N Earl Rudder Fwy 2020 33,669 0.23 mi
East William J Bryan Parkway 2014 35,052 0.26 mi
N Earl Rudder Fwy 2021 13,180 0.30 mi
TX 6 N Earl Rudder Fwy 2021 39,893 0.32 mi
N Earl Rudder Fwy 2021 12,330 0.33 mi

Listing Broker

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