Irfan Tejani Acquires Gas Station And Convenience Store In Houston With Broker Hassaan Alam
10750 Veterans Memorial Drive
Building Size
3,500 SF
Asset Type
Retail
Closing
Jul 31, 2025
AI
The property involved in this transaction is a retail asset located at 10750 Veterans Memorial Drive, Houston, encompassing a total square footage of 3,500. This asset is a premium branded Gas Station & Convenience Store situated in a strategic location within the market of Houston.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 10750 Veterans Memorial Drive
- Market: Houston
- Buyer: Irfan Tejani
- Broker: Hassaan Alam - The Alam Group - Keller Williams Houston Central
The deal was conducted by Irfan Tejani, who is leading the Tejani Group, a vertically integrated, privately held company. The Alam Group notes that this successful transaction showcases the Tejani Group's ongoing strategy of expanding across state lines through disciplined acquisitions aimed at strengthening their portfolio and fostering long-term sustainable growth.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93