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Close of Escrow: Circle K in Houston, TX
SIG is pleased to announce the recent Close of Escrow on Circle K located in Houston, Texas.
Investment Highlights Include:
- Absolute NNN Ground Lease – Zero Landlord Responsibilities
- Brand New Construction
- 5% Rent Increase at Year 11 and 10% Increases at Each Option Period
- Four (5) Year Renewal Options
- Located Along Extremely Dense Retail Corridor
- Corner Site at Signalized Intersection of I-10 and Federal Road
- Strong Traffic Counts – 230,000 VPD Along I-10
- Population of Over 187,000 Within 5-Miles
- Excellent Access and Visibility – Access from Federal Road and East Freeway
- Neighboring Tenants Include: Burger King, Sonic, O’Reilly Auto Parts, AutoZone, Popeyes, Pizza Hut, Taco Bell, Speedy Cash and Family Dollar
Closing Price: $2,249,705
Closing CAP: 5.09%
Listing Agents: Chris Sands, Max Freedman, Dan Hoogesteger and Clifton McCrory
For More Information Contact:
Clifton McCrory
Lic #99847
843.779.8255
clifton@SIGnnn.com
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