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12202 Almeda Road, Houston, TX, 77045

Chevron

$5,873,225

Key Information

Cap Rate
7.75%
$ per SF
$1,129
Tot. SF
5,197
Lot Size
1.04 Acres
Year Built
2026
Term Remaining
± 18.25 Years
Type
Retail
NOI
$455,175

Highlights

• 18.25-Years remaining on the base term of a 20-year lease
• Absolute NNN lease with zero landlord responsibilities
• Attractive 2% annual rent increases
• Subject property qualifies for bonus depreciation (consult your CPA for confirmation)
• 5-Mile population in excess of 295,410 residents
• Population growth of 14.26% over the past 5 years and 7.91% population growth expected over the next 5 years
• Affluent demographics with a strong average household income of $108,886 annually
• Houston is the #1 fastest growing MSA in the United States and the 4th largest city by population
• Nearby national tenants include McDonalds, Burger King, Kroger, Chase Bank, The Home Depot, Target, and many more
• Corporately guaranteed lease from Diamond Jubilee Management (80+ Unit Operator)

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204