7-Eleven (Dark) | 904 W Davis St
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7-Eleven (Dark) 904 W Davis St
3,175 SF Retail Building Conroe, TX 77301 £2,488,858 (£784/SF) 6% Net Initial Yield
Investment Highlights
- Gas Station and C-Store Owner/User Opportunity
- Attractive 2020 Brick Construction
- Upside Potential - No Fuel Contract
- Absolute Net Lease with 10.6 Years Remaining and a 10 Percent Rental Escalation in 2030 - Allows New Owner to Reposition Without Incurring NNN Costs
- Excellent Access and Visibility on West Davis Street (27,758 VPD) Near Interstate 40 (129,351 VPD)
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease 7-Eleven in Conroe, TX. The property consists of a 3,175-square-foot, freestanding building that sits on approximately 0.75 acres of land. There are 10.6 years remaining on the lease with 10% rental increases every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,175 SF
Building Class
B
Year Built
2020
Price
£2,488,858
Price Per SF
£784
Net Initial Yield
6%
NOI
£149,286
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.75 AC
Opportunity Zone
Yes
Nearby Major Retailers
1 of 5
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7-Eleven (Dark) | 904 W Davis St
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