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Pinnacle Oil & Gas 10820 Homestead Rd 12,000 SF Retail Building Houston, TX 77016 $13,610,220 CAD ($1,134.19 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 10820 Homestead Road, Houston, TX 77016. The site consists of roughly 12,000 rentable square feet of building space on an estimated 1.36-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 $731,250 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
12,000 SF
Building Class
B
Year Built/Renovated
2018/2024
Price
$13,610,220 CAD
Price Per SF
$1,134.19 CAD
Cap Rate
7.50%
NOI
$1,020,767 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.36 AC
AMENITIES
- Pylon Sign
- Monument Signage
PROPERTY TAXES
| Parcel Number | 1388260010001 | Improvements Assessment | $3,373,554 CAD |
| Land Assessment | $502,609 CAD | Total Assessment | $3,876,164 CAD |
PROPERTY TAXES
Parcel Number
1388260010001
Land Assessment
$502,609 CAD
Improvements Assessment
$3,373,554 CAD
Total Assessment
$3,876,164 CAD
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Pinnacle Oil & Gas | 10820 Homestead Rd
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