Listing Summary
Prime Absolute NNN Exxon Gas Station investment in the Houston MSA, TX. Features a brand-new 20-year lease, 7.75% cap rate, $509,220 NOI, and zero landlord responsibilities.
Full Description
Premium Single-Tenant Absolute NNN Exxon | Houston MSA Investment Opportunity
Presenting a premier commercial real estate investment opportunity in the heart of the Houston Metropolitan Statistical Area (MSA). This single-tenant Exxon convenience store and gas station offers investors passive income backed by an Absolute Triple Net (NNN) lease structure, making it a completely hands-off asset with zero landlord management responsibilities.
Exceptional Financial Profile & High-Yield Cap Rate
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Net Operating Income (NOI): $509,220
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Cap Rate: 7.75%
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Lease Structure: Absolute NNN (Zero landlord responsibilities)
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Initial Lease Term: 20 Years (Commenced August 1, 2025; Expires August 1, 2045)
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Total Options: Up to 40 years of potential remaining lease term
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Hedge Against Inflation: Built-in 2% annual rent increases throughout the primary term and option periods
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Tax Advantages: Fee simple ownership (land and building) allows the buyer to potentially qualify for accelerated or bonus depreciation (consult your CPA for specific tax benefits)
High-Performing Asset & Physical Site Specifications
Situated on an oversized 1.25-acre parcel, the property features a well-maintained 3,424-square-foot facility constructed in 2015. Equipped with 10 fuel pumps, the site enjoys a proven track record of consistent, long-term operational performance.
Prime Strategic Location & Dense Infill Demographics
Located on Walters Road—a primary neighborhood arterial connector carrying over 16,150 vehicles per day—the property sits in a high-density, rapidly growing pocket of North Houston in Harris County.
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Dense Population Base: Over 318,189 residents and more than 107,000 households within a 5-mile radius.
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Strong Consumer Demand: Transportation fuel and vehicle maintenance represent the single highest consumer expenditure within a 1-mile radius, accounting for roughly 30% of total local spending.
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Strategic Urban Access: Positioned less than 30 minutes from Downtown Houston, offering easy connectivity to major regional trade corridors.
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Income Tax-Free State: Texas remains one of the most attractive states for commercial real estate deployment due to its lack of state income tax and business-friendly climate.
Brokerage Contact Information
For full financial disclosures, lease guarantees, and offering memorandums, please contact:
Quick Glance
- Listing ID:
CL-Texas-28244
- Status:
Active
- Year Build:
2015
- Building Size:
3,424 SqFt
- Lot Size:
1.25 Acr
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