Richmond, TX (Houston MSA) 77469

RiteStop (Panthers Petroleum)

Property Address

1212 FM 2218 Road, Richmond, TX, USA

Offering Summary

  • Price: $4,285,714
  • Lot Size: 0.99 Acres
  • Cap Rate: 7.35%
  • Year Built: 1995
  • Building SF: 4,133
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Annual Rental Increases
  • Tenant is a Rapidly Growing Fuel Retail and Convenience Store Operator with Over 55 Locations Throughout Texas
  • Densely-Populated Trade Area in the Houston MSA with 133,256 Residents within a Five- Mile Radius
  • Signalized Hard Corner Location, Accessible by Nearly 34,000 Cars per Day
  • Conveniently Situated Near Interstate 69, a Significant Connector for the Houston MSA
  • Directly Across from Walmart Supercenter and Down the Road from Brazos Town Center, a 100-Acre Mixed-Use Center with Over 2 Million SF of Retail, Dining, and Entertainment
  • Households and Population Projected to Increase Approximately 9% in the Surrounding Area by 2030
  • Average Household Income Exceeds $115,000 within Five Miles

Broker Information