7-Eleven | 3933 Fairmont Pky
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7-Eleven 3933 Fairmont Pky
4,650 SF 4-Star Retail Building Pasadena, TX 77504 $11,659,056 CAD ($2,507 CAD/SF) 5% Cap Rate
Investment Highlights
- New 15-year absolute NNN lease to an iconic corporate tenant
- 7-Eleven, Inc. is an investment grade tenant with an “A” rating from Standard & Poor’s
- 7.5% rental increases every five years in initial term and option periods, providing a long-term stable investment opportunity
- Absolute NNN lease requires no landlord management, ideal for an out-of-area of passive investor
- 7-Eleven is the largest convenience retail chain in the world, with more than 78,000 stores worldwide
Executive Summary
This 7-Eleven features a high-visibility and easily accessible hard corner location at the signalized intersection of Fairmont Parkway & Burke Road, combining for 42,205 vehicles per day directly in front of the site
The property is surrounded by local and major national brand retail tenants including ALDI, Walmart Supercenter, Lowe’s, Chick-fil-A, Chipotle, McDonald’s, Taco Bell, Firestone, Jiffy Lube, CVS, Whataburger, Dollar Tree and many others
Situated two miles from a heavily trafficked on/off ramp to Sam Houston Tollway, positioning the site to capture significant commuter traffic
The site is one mile from Pasadena Memorial High School (2,972 students)
Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise 7-Eleven and Houston for steady concurrent growth
Average annual household income of $81,729 within five miles of the site (projected 13% increase by 2028)
The property is surrounded by local and major national brand retail tenants including ALDI, Walmart Supercenter, Lowe’s, Chick-fil-A, Chipotle, McDonald’s, Taco Bell, Firestone, Jiffy Lube, CVS, Whataburger, Dollar Tree and many others
Situated two miles from a heavily trafficked on/off ramp to Sam Houston Tollway, positioning the site to capture significant commuter traffic
The site is one mile from Pasadena Memorial High School (2,972 students)
Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise 7-Eleven and Houston for steady concurrent growth
Average annual household income of $81,729 within five miles of the site (projected 13% increase by 2028)
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$11,659,056 CAD
Price Per SF
$2,507 CAD
Cap Rate
5%
NOI
$582,953 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
2.29 AC
Parking
52 Spaces (11.18 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1189690010004 | Improvements Assessment | $1,212,146 CAD |
| Land Assessment | $2,002,364 CAD | Total Assessment | $3,214,510 CAD |
PROPERTY TAXES
Parcel Number
1189690010004
Land Assessment
$2,002,364 CAD
Improvements Assessment
$1,212,146 CAD
Total Assessment
$3,214,510 CAD
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Power Broker Michael Yuras -
Power Broker Scott Crowle -
Power Broker Vincent Aicale -
Power Broker Ryan Forsyth -
Cushman & Wakefield
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7-Eleven | 3933 Fairmont Pky
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