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1620 S GORDON ST
ALVIN, TX 77511-3460
Asking Price
$3.13M
Cap Rate
6.5%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
1st Option Exercised with No Rental Concessions | Below-Market Rent <ul><li>Hard Corner Positioning | 22,000 VPD <ul><li>Less than a mile to Alvin’s main highway corridor</li></ul></li><li>Midnight Location | Absolute NNN Lease with Below-Market Rent<ul><li>First option period exercised with no rental concessions </li></ul></li><li>Situated Amongst Top-Performing Retailers <ul><li>$172M+ in combined annual card sales per CenterCheck </li></ul></li><li>Strong Residential and Workforce Demographics in the Immediate Area<ul><li>12,000+ residents and 11,000
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NOI
$80,000
Cap Rate
2.56%
DSCR
0.43
Underwater
Cash-on-Cash
-11.27%
Monthly Payment
$15,490.109
Annual Cash Flow
$-105,881.303
