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INVESTMENT OPPORTUNITY

SAB Capital is pleased to present Exxon Gas & Retail located in Spring, TX, about 21 miles north of Central Houston. The property is anchored by an Exxon Gas Station with 4 other tenants occupying the center including Peter Tire Shop & Granny Dee’s Kitchen. All tenants reimburse for NNN expenses. The property has strong location fundamentals situated at a signalized corner that sees over 31,000 vehicles per day.

  • Gas Station & Retail in Spring, TX | Houston MSA Location
  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
  • Robust Local Population Growth | 29.6% Increase in 5 Mile Radius Since 2010
  • Long Term Sale Leaseback Opportunity | Louetta Fortune Will Sign a 10 Year Lease at Closing to Occupy 44% of the Space
  • Signalized Corner Location | Louetta Road & Louetta Glen Road Intersection Sees Over 31,654 Vehicles Per Day
  • Diverse Rent Roll | Uses Include Gas, Tire Service, and Food
  • National Retailers Located Nearby | Anytime Fitness, H-E-B, Whataburger, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Exxon Gas & Retail $3,989,485 7.00% NNN 6,369 Available

Stephen Asihene

SENIOR ASSOCIATE | INVESTMENT SALES

Michael Grunberg

VICE PRESIDENT | INVESTMENT SALES
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