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 | $3,680,000 | 7.68% | NNN | 6,369 | Available |
