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Pinnacle Oil & Gas 1150 Texas Ave 12,000 SF 100% Leased Retail Building Bridge City, TX 77611 $12,598,333 CAD ($1,049.86 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Attractive Depreciation Benefits | This site qualifies for an accelerated depreciation schedule of 15 years making it an even more attractive asset
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term
- Absolute Triple Net Lease with No Landlord Responsibilities | Pinnacle Oil & Gas is under a brand-new 20-year absolute triple net lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 1150 Texas Avenue, Bridge City, Texas 77611. The site consists of roughly 10560 rentable square feet of building space on an estimated 1.07-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 $691,178 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
12,000 SF
Building Class
C
Year Built
1978
Price
$12,598,333 CAD
Price Per SF
$1,049.86 CAD
Cap Rate
7.50%
NOI
$944,875 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.07 AC
Amenities
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 000015-031701 | Improvements Assessment | $1,259,413 CAD |
| Land Assessment | $206,217 CAD | Total Assessment | $1,465,630 CAD |
Property Taxes
Parcel Number
000015-031701
Land Assessment
$206,217 CAD
Improvements Assessment
$1,259,413 CAD
Total Assessment
$1,465,630 CAD
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Pinnacle Oil & Gas | 1150 Texas Ave
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