Irfan Tejani Acquires Retail Gas Station And Convenience Store In Houston From Vaq Landreth
13050 Spencer Road
Building Size
24,507 SF
Asset Type
Retail
Closing
Sep 14, 2025
About this deal
AI
The property asset involved in this transaction is a retail facility located at 13050 Spencer Road in Houston. The total square footage of the asset is 24,507 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Irfan Tejani
- Seller: Vaq Landreth
- Broker: Shoby Kurjee - SK Real Estate Consulting
This transaction marks a successful acquisition by Tejani Group, facilitated by SK-REC LLC as the exclusive broker. The deal reflects the group's strategy to expand its presence in the growing market of Greater Houston within the gas station and convenience store sector.
On the Map
Retail
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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