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Pinnacle Oil & Gas 10750 Veterans Memorial Dr 5,075 SF Retail Building Houston, TX 77038 $8,978,112 CAD ($1,769.09 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- This Site Qualifies for Bonus Depreciation | Strong Reported Sales
- Attractive 2% Annual Rental Increases
- Absolute Triple Net Lease with No Landlord Responsibilities
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 10750 Veterans Memorial Drive, Houston, TX 77038. The site consists of roughly 5,075 rentable square feet of building space on an estimated 1.04-acre parcel of land. This Pinnacle Oil & Gas is subject to a 20-year Triple Net (NNN) lease, which commenced 7/29/2025. The current annual rent is $482,625 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,075 SF
Building Class
B
Year Built/Renovated
1996/2024
Price
$8,978,112 CAD
Price Per SF
$1,769.09 CAD
Cap Rate
7.50%
NOI
$673,358 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.04 AC
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1181670010001 | Improvements Assessment | $908,378 CAD |
| Land Assessment | $1,146,248 CAD | Total Assessment | $2,054,626 CAD |
PROPERTY TAXES
Parcel Number
1181670010001
Land Assessment
$1,146,248 CAD
Improvements Assessment
$908,378 CAD
Total Assessment
$2,054,626 CAD
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Pinnacle Oil & Gas | 10750 Veterans Memorial Dr
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