1111-Lake-Olympia-Pkwy-Missouri-City-TX-25

1111-Lake-Olympia-Pkwy-Missouri-City-TX-28

7-Eleven

1111 Lake Olympia Pkwy Missouri City, Texas 77459

7-Eleven

Price $6,850,000
CAP Rate 5.20%
Lease Term 10 Years
Net Operating Income (NOI) $356,270

Property Data

Building Size (SF) 4,842
Land Size (AC) 2.49
Year Built2020

Tenant(s) 7-Eleven
Guaranty Corporate
Lease Type Abs. NNN

Landlord Responsibilities None
Increases 10% Every Five Years

Options 5 x 5 Yr
Rent Commencement 9/30/2020
Lease Expiration 9/30/2035

Offering Memorandum

Contact Broker

About Property

STONECLIFF is pleased to present the exclusive listing for a 7-Eleven located at 1111 Lake Olympia Pkwy, Missouri City, Texas 77459. The site consists of roughly 4,842 rentable square feet of retail space on an estimated 2.49-acre parcel of land. This 7-Eleven is subject to a 15-year Absolute Triple Net (NNN) Lease with 10-Years Remaining. The annual rent is $356,270 with scheduled 10% Every Five Years in Primary Term and Option Periods.

Investment Highlights

Absolute NNN Lease with 10 years remaining and 10% rental increases every 5-years
10 minutes from Missouri City Shopping Center, anchored by high traffic retailers including Home Depot and Target
Surrounded by master-planned communities such as Sienna, Riverstone, and Lake Olympia
Qualifies for Bonus Depreciation
Population of over 212,000 within a 5-mile radius