9275 Farm To Market 1960 RdHouston, TX 77070

Property Details for 9275 Farm To Market 1960 Rd

Year built

2022

Lot size

1.68 AC

Property size (Sq ft)

4,842 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9465

Longitude

-95.5629

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