Close of Escrow: Circle K in Houston, TX

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

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