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2602 Greens Road, Houston, TX, 77032

Chevron

$5,100,000

Key Information

Cap Rate
7.75%
Tot. SF
4,455
Lot Size
4.07 Acres
Year Built
2016
Term Remaining
± 18.25 Years
Type
Retail
Occupancy
100%
NOI
$395,250

Highlights

• Subject property qualifies for bonus depreciation (consult your CPA for confirmation)
• 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
• Affluent demographics with a strong average household income of $93,549 annually
• Adjacent to George Bush Intercontinental Airport, which sees more than 48-million passengers annually
• Population growth of 7.06% in the last 5 year and 3.18% projected over the next 5 years
• Houston is the #1 fastest growing MSA in the United States and the 4th largest city by population
• Nearby national tenants include McDonalds, Advance Auto Parts, CVS Pharmacy, Taco Bell, Walmart Supercenter, Chase Bank, 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