Los Angeles, CA (PRWEB) June 17, 2014
The Royston Group has listed for sale a single tenant net lease gas station and convenience store leased to Valero (CST Brands) . The property is located in Houston Texas just off Interstate 45. The 2,813 square foot convenience store sits on 30,948 square feet of land and is leased to Valero on an absolute triple net lease basis for 10 years. The building was constructed in 1986 and Valero has been operating at the site for over 20 years.
Rob Sutton and Greg Cortese of The Royston Group started the marketing process in early June. The site sits on a signalized hard corner just off the busy Interstate 45 freeway on Cypress Creek Parkway. The subject property is surrounded by other national retailers including McDonald’s, Carl’s Jr., Panda Express, Taco Bell, Burger King, Kroger, Office Depot and many others. The property is being offered with attractive financing in-place however in the event an investor should elect to purchase the property all cash the loan can be prepaid without penalty for the duration of the term.
“With the flexible financing terms, strong location, long term lease and corporate tenant this site has all the investment criteria net lease investors are searching for. Based on the aggressive response to our marketing campaign I fully expect the final sales price will be at or near asking at the close of this transaction .” said Vice President Rob Sutton.
For more information about this property please contact Rob Sutton, CCIM.
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President of the Royston Group, specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. The company provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The firm has completed over $1.5 billion in real estate sales since its inception. http://www.theroystongroup.com