3411 Antoine DrHouston, TX 77092

For Sale
$1,950,000

High-yield NNN lease, strong location, 20-year term.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple, 3,438 square foot convenience store and gas station in Houston, Texas. Located at a signalized intersection on Antoine Dr and W 34th Street, this property boasts over 25,000 vehicles per day. The property features eight gas pumps and operates under a 20-year absolute triple-net (NNN) lease with a reputable tenant, Saif Malik Enterprises Inc., ensuring minimal landlord responsibilities. The lease includes 2% annual rent bumps, providing consistent income growth. The property's strong financials include a 9.00% cap rate and a Net Operating Income (NOI) of $175,500. Built in 1994, the single-tenant building sits on a 35,172 square foot lot, zoned NZ. This sale-leaseback opportunity offers a secure, long-term investment with significant upside potential. The asking price is $1,950,000, translating to $567.19 per square foot. Four lease options are available. Financial details are available upon request.

Highlights

  • Houston MSA gas station and retail property.
  • Triple-net (NNN) lease; zero landlord responsibilities.
  • Strong population growth in the area.
  • Business and real estate available for sale; financials provided with NDA.
  • 20-year sale-leaseback opportunity with Saif Malik Enterprises Inc.
  • High-traffic corner location at Antoine Rd & W 34th St (25,000+ VPD).

Property Details for 3411 Antoine Dr

Property type
Other retail properties, Automotive properties
Square Feet
3,438 SF
Class
B
Year Built
1994
Buildings
1
Units
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.81964536
Longitude
-95.47421324
3411 Antoine Dr, Houston, Texas

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3411 Antoine Dr
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