Listing Summary
Prime Absolute NNN Shell gas station investment in Katy (Houston MSA), TX. Features a 7.00% cap rate, $255,000 NOI, 20-year lease, 2% annual rent bumps, and zero landlord duties.
Full Description
Prime Absolute NNN Shell Gas Station | Katy / Houston MSA Investment Opportunity
Presenting a premier commercial real estate investment opportunity in Katy, Texas—one of the fastest-growing submarkets within the Greater Houston Metropolitan Area. This single-tenant Shell convenience store and gas station offers passive income secured by a long-term Absolute Triple Net (NNN) lease structure, guaranteeing zero landlord management responsibilities.
Premium Financial Performance & Inflation-Hedged Cash Flow
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Net Operating Income (NOI): $255,004
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Cap Rate: 7.00%
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Lease Structure: Absolute NNN (Fee Simple ownership with zero landlord responsibilities)
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Initial Lease Term: 20 Years (Commenced September 27, 2024; Expiration September 26, 2044)
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Options & Escalations: Four (4) 5-year renewal options featuring 2% annual rent increases throughout the primary term and option periods
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Strong Guaranty: Backed by a strong lease guaranty (contact brokers for detailed corporate/franchise financial disclosures)
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Accelerated Tax Benefits: Fee simple land and building ownership allows buyers to potentially qualify for bonus depreciation (consult with your tax professional for specific advantages)
Asset Overview & Physical Site Features
Situated on a signalized hard corner lot spanning 0.48 acres, the property features a well-constructed 4,240-square-foot convenience store paired with 6 fuel pumps. Built in 2001, the asset offers clear sightlines, easy ingress/egress, and steady customer turnaround.
Prime Hard Corner Location & Dense Urban Demographics
Positioned at the signalized intersection of Morton Road and Greenhouse Road, the site captures steady neighborhood commuters and daily arterial traffic flows.
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High Traffic Intersection: Over 23,800 vehicles per day (VPD) pass through the intersection.
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Dense Infill Customer Base: Features a dense population of over 230,700 residents within a 5-mile radius.
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Affluent Household Incomes: Average household income exceeds $113,800 within 5 miles.
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High-Growth Submarket: Katy/West Houston sits within Harris County, serving as a vital industrial, energy, and commercial employment hub.
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Income Tax-Free State: Texas provides an attractive tax climate for commercial real estate placement, boosting overall net yields.
Brokerage Contact Information
For complete financial disclosures, lease details, and offering memorandums, please contact Anchor Point Capital:
Quick Glance
- Listing ID:
CL-Texas-28257
- Status:
Active
- Year Build:
2001
- Building Size:
4,240 SqFt
- Lot Size:
0.48 Acr
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