11650 Hempstead RdHouston, TX 77092

For Sale
$1,750,000

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

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 4,568 square foot, Chevron-branded gas station and convenience store in Houston, Texas. Located at a signalized corner intersection on Hempstead Rd and W 34th Street, this property boasts over 25,000 vehicles per day, ensuring high visibility and consistent traffic. The property features six gas pumps and a 4,200 square foot net rentable area. The building, constructed in 1976 and renovated in 1986, sits on a 18,125 square foot lot and is zoned NZ. This is a sale-leaseback opportunity with a 20-year triple net (NNN) lease in place with a corporate guarantee from Saif Malik Enterprises Inc., eliminating landlord responsibilities. The lease includes 2% annual rent bumps. The asking price is $1,750,000, representing a 9.00% cap rate and a price per square foot of $383.10. The current NOI is $157,500. This fee-simple ownership offers a secure, long-term investment with significant upside potential in a rapidly growing area of Houston. Four lease options are available. Financial details are available upon request.

Highlights

  • Chevron-branded gas station and convenience store in the Houston MSA.
  • Absolute NNN lease; zero landlord responsibilities.
  • Strong location with robust local population growth.
  • Seller may sell business and real estate; financials available with NDA.
  • 20-year sale-leaseback opportunity with Saif Malik Enterprises Inc.
  • High-traffic signalized corner location (Hempstead Rd & W 34th St) with over 25,000 vehicles per day.

Property Details for 11650 Hempstead Rd

Property type
Other retail properties, Automotive properties
Square Feet
4,568 SF
Class
C
Year Built/Renovated
1976/1986
Buildings
1
Units
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8188778
Longitude
-95.4833315
11650 Hempstead Rd, Houston, Texas

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11650 Hempstead Rd
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