3933 Fairmont Pkwy Pasadena, TX 77504

This exceptional investment opportunity presents a brand-new, 4,650 square foot 7-Eleven convenience store and gas station located on a 2.2-acre lot at a high-traffic intersection in Pasadena, Texas. The property boasts a 15-year absolute NNN lease commencing March 1, 2024, and expiring February 28, 2039, with built-in rent bumps every five years. The tenant, 7-Eleven, Inc., is an investment-grade tenant with a strong credit rating, providing significant financial stability and minimal landlord responsibilities. The site features 52 parking stalls and 14 fueling stations, strategically positioned at the signalized intersection of Fairmont Parkway and Burke Road, experiencing a combined 42,205 vehicles per day. This high-visibility location benefits from multiple access points and is surrounded by numerous national and local retail brands, including ALDI, Walmart, Lowe's, and many more. The property's proximity to major roadways, including the Sam Houston Tollway, and Pasadena Memorial High School further enhances its appeal. With a strong projected population and income growth in the surrounding area, and an average annual household income of $81,729 within a five-mile radius, this 7-Eleven represents a secure and lucrative investment opportunity. The property's NOI is $414,500, resulting in a 5.00% cap rate and an asking price of $8,290,000. The property was built in 2024.