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JLL is pleased to exclusively opportunity to acquire a brand-new construction single-tenant 7-Eleven convenience store and gas station (the “Property”) located in Houston, TX. 7-Eleven signed a 15-year ground lease. The lease features zero landlord responsibilities and 10% rental increases every five years throughout the primary term and renewal options. The Property sits at the hard corner of Interstate-10 and Barker Cypress Road, a signalized intersection that has combined traffic counts of over 280,000 VPD. This offering presents the opportunity to acquire a brand-new construction convenience store and gas station leased to an investment grade and industry leading tenant within a densely populated growing Houston MSA.
- New construction with long-term net lease
- Investment grade & industry leading tenant
- Strategic hard corner location
- Strong demographic profile in Houston MSA
- Zero landlord responsibility