7111 Martin Luther King Jr Blvd | Houston, TX 77033
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- LoopNet Team
7111 Martin Luther King Jr Blvd
Houston, TX 77033
20 Year Absolute NNN Sale-Leaseback | Sunoco · Retail Property For Sale
Investment Highlights
- The property features a 20-Year absolute NNN lease; It includes 7.5% rent increases every 5 years with 4 – 5 Year options
- The property is situated along Martin Luther King Blvd with a traffic volume of 24,801 VPD and 1 mile away from S Loop Fwy SW with 140,706 VPD
- 4 miles from William P. Hobby Airport, which handles over 14 million passengers annually; 5 miles from Dowtown Houston
- Tenant to re-invest $200,000 back into the business for Tenant improvements
- Close proximity to Houston's major hospital: Houston Methodist Hospital, approximately 4.5 miles away, offering around 2,200 beds
- Situated in a vibrant community with 328,466 residents and 114,990 households
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
4,334 SF
Building Class
C
Year Built
1978
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.44 AC
Zoning
None
Parking
8 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
217 ft on MLK Blvd
PROPERTY TAXES
| Parcel Number | 0761540500019 | Improvements Assessment | $642,151 |
| Land Assessment | $275,356 | Total Assessment | $917,507 |
PROPERTY TAXES
Parcel Number
0761540500019
Land Assessment
$275,356
Improvements Assessment
$642,151
Total Assessment
$917,507
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