Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE
» 7-Eleven, Inc. is an investment grade tenant with a “AA-” rating from Standard & Poor’s
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» New 2021 construction built to latest 7-Eleven prototype, featuring six (6) fuel pumps and a freestanding C-store
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide

LOCATED IN A DENSELY POPULATED, EXTREMELY AFFLUENT, AND GROWING TEXAS CORRIDOR
» Hard-corner location at the signalized four-way intersection of Pin Oak Road and Kingsland Boulevard (50,389 AADT)
» Beneficial proximity to highly trafficked Texas thoroughfares, including Interstate 10 (142,781 AADT) and State Route 99 (130,200 AADT)
» Average annual household income of $182,306 within one mile of the location
» Population of 218,690 within a five-mile radius of the location, creating an extremely large customer base for the site
» Minutes from the Katy Boardwalk District, a new 80-acre mixed-use development
» Projected 19 percent population increase within a five-mile radius of the site in the next five years, poising 7-Eleven and Katy for concurrent growth

CENTRAL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS, AND RETAILERS
» Surrounded by a strong mix of national retailers and tenants, including H-E-B, Chick-fil-A, Burger King, Popeyes, Walgreens, Whataburger, and many more
» Within five miles of 13 major shopping centers (combined 5.6 million SF of retail space and 543 stores), including Katy Mills Mall, promoting crossover shopping to the location
» 1.5 miles from Typhoon Texas Waterpark, a 25-acre waterpark featuring waterslides, a lazy river, and live entertainment
» Central location within the Katy Independent School District (71 schools, 85,700 students)
» Gateway to Downtown Houston, the fourth-most populous city in the U.S.

Property Description

SOLD

Visibility to the property is increased by the site’s centralized location in a densely populated, extremely affluent, and growing retail corridor. The site has a hard-corner location at the signalized four-way intersection of Pin Oak Road and Kingsland Boulevard (50,389 AADT). The location also benefits from its proximity to highly trafficked Texas thoroughfares, including Interstate 10 (142,781 AADT) and State Route 99 (130,200 AADT). 218,690 residents live within a five-mile radius of the location, establishing an extremely large regular customer base for the site. The property resides in an affluent area, with an average annual household income of $182,306 within one mile. The site is also located in an area that is experiencing rapid growth, with a projected 19 percent population increase within a five-mile radius of the site in the next five years. And is minutes from Katy Boardwalk District, a new 80-acre mixed-use development.

The property has an infill location surrounded by a strong mix of national retailers and tenants, including H-E-B, Chick-fil-A, Burger King, Walgreens, Whataburger, and many more. The site also resides within five miles of 13 major shopping centers (combined 5.6 million SF of retail space and 543 stores), promoting crossover shopping to the location. The property maintains a central location within the Katy Independent School District (71 schools, 85,700 students) and has a beneficial proximity 1.5 miles from Typhoon Texas Waterpark, a 25-acre waterpark featuring waterslides, a lazy river, and live entertainment. The location also serves as a common gateway to Downtown Houston, the fourth-most populous city in the U.S.