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 eight fuel pumps and a freestanding c-store
» New 15-year absolute NNN lease with five (5) five (5) year options
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide
» Texas is an income tax free state

INFILL LOCATION IN NEW 58-ACRE MIXED-USE DEVELOPMENT
» High-visibility location near West Grand Parkway South (49,588 AADT)
» Located within Grand Center at Long Meadow Farms, a new 58-acre mixed-use development under construction
» Grand Center will have a 46,000-SF, two-story shopping center and feature retailers including Hampton Inn & Suites, Dunkin’, O’Reilly Auto Parts, Spring Creek Barbeque, Pet Suites, Service First, and more
» Grand Center is adjacent to a 180,000-SF Regal Cinema and a 165,000-SF Gallery Furniture showroom
» Surrounded by a strong mix of national and local retailers, including Kroger, Jack in the Box, McDonald’s, Wendy’s, Starbucks, Wells Fargo, Chase Bank, and many more

LOCATED IN A POPULOUS, AFFLUENT, AND GROWING RETAIL CORRIDOR
» 30.5 miles from Downtown Houston, the fourth-most populous city in the United States
» Average annual household income of $127,007 within five miles of the location
» Population of 188,873 within a five-mile radius of the location, creating a large customer base for the site
» Projected nine percent average annual household income increase within a one-mile radius of the site in the next five years, poising 7-Eleven and Houston for concurrent growth

Property Description

SOLD

The property is located within the Grand Center at Long Meadow Farms, a new 58-acre mixed-use development currently under construction. Grand Center will have a 46,000-SF, two-story shopping center and will feature retailers including Hampton Inn & Suites, Dunkin’, O’Reilly Auto Parts, Spring Creek Barbeque, Pet Suites, Service First, and more. Grand Center is also strategically adjacent to a 180,000-SF Regal Cinema and a 165,000-SF Gallery Furniture showroom, drawing cross-shopping traffic directly to the site. The property is surrounded by a strong mix of national and local retailers as well, including Kroger, McDonald’s, Wendy’s, Starbucks, Jack in the Box, Wells Fargo, Chase Bank, and many more.

Visibility to the property is increased by the site’s centralized location in a densely populated, affluent, and growing retail corridor. The site is located near West Grand Parkway South (49,588 AADT), a high-traffic Texas thoroughfare. 188,873 residents live within a five-mile radius of the location, establishing a large regular customer base for the site. The property resides in a robustly affluent area, with an average annual household income of $127,007 within five miles of the location. The property is primed to grow along with the surrounding area, with a projected nine percent average annual household income increase within one mile of the site in the next five years. The location also benefits from its proximity to Downtown Houston, the fourth-most populous city in the United States (population 2,320,268).