Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO INVESTMENT GRADE TENANT
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide
» 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
» One of few remaining low-rent 7-Eleven locations available in Houston
» No landlord management, ideal for an out-of-area investor
» New 2021 construction built to latest 7-Eleven prototype, featuring 10 fuel pumps and a freestanding convenience store

LOCATED IN A DENSELY POPULATED AND GROWING TEXAS CORRIDOR
» Hard-corner location at the signalized intersection of Interstate 45 and Rankin Road (combined 328,065 AADT)
» Beneficial proximity to highly trafficked Texas thoroughfares, including the Houston outer loop (319,640 AADT)
» Population of 272,457 within a five-mile radius of the location, creating an extremely large customer base for the site
» 13 percent population increase within a five-mile radius of the site in the last five years, poising 7-Eleven and Houston for concurrent growth

CENTRAL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS, AND RETAILERS
» Neighbored by Rankin 45, a new 352,303-SF distribution center
» Surrounded by a strong mix of national retailers and tenants, including McDonald’s, Sam’s Club, Walgreens, Black Bear Diner, Texas Roadhouse, PetSmart, and many more
» Beneficial proximity to major community hubs, including HCA Houston Healthcare Northwest (312 beds, 600 employees) and Amazon Distribution Warehouse Houston 2 (1,500 employees)
» Five miles from George Bush Intercontinental Airport (40 million annual passengers), driving traffic to the location
» 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 and growing retail corridor. The site has a hard-corner location at the signalized intersection of North Freeway Service Road and Rankin Road (combined 328,065 AADT). The location also benefits from its proximity to highly trafficked Texas thoroughfares, including the Houston outer loop (319,640 AADT). 272,457 residents live within a five-mile radius of the location, establishing an extremely large regular customer base for the site. The site is also located in an area that is experiencing rapid growth, with a 13 percent population increase within a five-mile radius of the site in the last five years.

The property has a beneficial location near major community hubs, retailers, and employers. The site is neighbored by Rankin 45, a new 352,303-SF distribution center valued at $3.1M. The location is surrounded by a strong mix of national retailers and tenants, including McDonald’s, Walgreens, Sam’s Club, Black Bear Diner, Texas Roadhouse, PetSmart, and many more. The site also resides near HCA Houston Healthcare Northwest (312 beds, 600 employees) and Amazon Distribution Warehouse Houston 2 (1,500 employees). The property resides five miles from George Bush Intercontinental Airport (which experiences 40 million annual passengers), driving traffic to the location. The location also serves as a common gateway to Downtown Houston, the fourth-most populous city in the United States.