For Sale
$5,538,000

10670 Little York RdHouston, TX 77041

High-Yield Houston Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 4,650 square foot 7-Eleven convenience store and gas station located at 10670 W Little York Rd, Houston, TX 77041. The property sits on a 0.95-acre lot and boasts a prominent, signalized hard corner location at the intersection of W Sam Houston Pkwy N (18,400 vehicles per day) and W Little York Rd (26,300 vehicles per day). Built in 2022, this property is under a 15-year absolute NNN lease with a corporate guarantee from 7-Eleven, the world's largest chain store operator (S&P rated A). The lease commenced March 1, 2022, and expires February 28, 2037, with four 5-year renewal options. The lease includes attractive 10% rent bumps every five years, beginning in year six of the primary term and year sixteen of the options. The current annual net operating income (NOI) is $276,878, resulting in a 5.00% capitalization rate. The asking price is $5,538,000, translating to $1,190.97 per square foot. This property benefits from its location within a dense industrial corridor, surrounded by numerous large industrial tenants and a high-growth trade area with over 257,000 residents within a five-mile radius. Houston, the fifth largest metro area in the U.S., boasts a population exceeding 2.33 million, providing a strong and stable market for this investment. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a blue-chip tenant in a prime Houston location. 100% occupancy ensures immediate cash flow.

Highlights

  • 15-Year Absolute NNN Lease with 10% rent increases every five years, starting in year six and year sixteen of the option periods.
  • Signalized, hard-corner location at W Sam Houston Pkwy N (18,400 VPD) and W Little York Rd (26,300 VPD).
  • Located in a dense Houston industrial corridor with numerous large industrial tenants.
  • High-growth trade area with over 257,000 residents within a five-mile radius.
  • 7-Eleven (S&P rated A) corporate guarantee; world's largest convenience store operator.
  • Houston, TX; 5th largest US metro area with a population exceeding 2.33 million.

Property Details for 10670 Little York Rd

Property type
Retail properties, Retail space
Square Feet
4,650 SF
Year Built
2022
Lot Size (sq. ft)
41,382 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8678798
Longitude
-95.562699
10670 Little York 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].
10670 Little York 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