9275 Farm To Market 1960 RdHouston, TX 77070

For Sale
$5,930,000

High-traffic 7-Eleven, strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, 4,842 square foot 7-Eleven and Laredo Taco, situated on a 1.68-acre lot in Houston, Texas. The property boasts a 15-year absolute NNN lease, commencing October 20, 2022, and expiring October 31, 2037, with five 5-year renewal options. The lease includes a corporate guarantee from 7-Eleven, a globally recognized brand, and features a 7.5% rent increase every five years throughout the primary term and option periods. Built in 2022, this single-tenant property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $296,458, representing a 5.00% cap rate. The asking price is $5,930,000, or $1,224.70 per square foot. The property's prime location at 9275 Farm to Market 1960 Rd W, Houston, TX 77070, benefits from high visibility and traffic volume on FM 1960 Rd W/Cypress Creek Pkwy (47,993+ vehicles per day), proximity to major highways including Sam Houston Tollway (138,425 VPD) and Highway 249/Tomball Pkwy (118,960 VPD), and adjacency to an Amazon warehouse, Willowbrook Mall, and Costco. This presents a secure, high-yield investment in a rapidly growing area of Houston, the fifth largest metro area in the U.S. with a population exceeding 2.33 million.

Highlights

  • 2022 Construction, 4,842 SF building on 1.68-acre lot.
  • New 15-year corporate NNN lease with 7.5% rent increases every 5 years.
  • Large 7-Eleven on a 1.68-acre parcel at a high-traffic, signalized intersection.
  • Excellent location on FM 1960 Rd near Cypress Creek Pkwy, Sam Houston Tollway, and Highway 249.
  • Proximity to Amazon warehouse, Willowbrook Mall, and Costco.
  • Investment-grade tenant: 7-Eleven (S&P A-rated), the world's largest convenience store chain.

Property Details for 9275 Farm To Market 1960 Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,842 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
73,181 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9464934
Longitude
-95.5629387
9275 Farm To Market 1960 Rd, Houston, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9275 Farm To Market 1960 Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message