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Gas Station & C-Store 1621 Collingsworth St 2,925 SF Retail Building Houston, TX 77009 $5,126,438 CAD ($1,752.63 CAD/SF) 8% Cap Rate

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Investment Highlights

  • New 20-year absolute NNN lease; 30+ year seasoned location – has operated since 1994; Bonus Depreciation Eligible
  • Dense residential area: 177,000+ households within 5-mile radius; Average household income of $103,000+ within 5-mile radius
  • Signalized hard corner, direct frontage to 6,400+ vehicles per day; Primary daytime traffic corridor
  • Panthers Petroleum - highly experienced, Houston-based operator

Executive Summary

Century Partners is pleased to offer a rare investment opportunity in a high-performing gas station and convenience store under a brand-new 20-year absolute NNN lease. This seasoned location has operated successfully since 1994, demonstrating over 30 years of consistent performance and tenant stability. In addition to its strong operational history, the property offers investors the benefit of Bonus Depreciation eligibility.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,925 SF
Building Class
C
Year Built
1994
Price
$5,126,438 CAD
Price Per SF
$1,752.63 CAD
Cap Rate
8%
NOI
$410,115 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.34 AC
Opportunity Zone
Yes
Frontage
116’ on Collingsworth Street

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Mining, Quarrying, and Oil and Gas Extraction
  • 99,999 SF
  • $9.99
  • -

Chevron Corporation began in 1879 as Pacific Coast Oil Company following California's first oil discovery. It became part of Standard Oil in 1900 before gaining independence in 1911. The company expanded internationally through discoveries and mergers, including with Gulf Oil and Texaco. Today it operates in upstream exploration and production, downstream refining and marketing, and through its Chevron New Energies division, pursues lower-carbon solutions. The corporation maintains a significant global presence in both traditional hydrocarbons and emerging energy sectors.

Tenant Industry SF Occupied Rent/SF Lease End
Mining, Quarrying, and Oil and Gas Extraction 99,999 SF $9.99 -

Nearby Major Retailers

Frost Bank
Rent-A-Center
Ymca
Taquerias Arandas
Fiesta Mart
La Michoacana Meat Market
Prosperity Bank

Property Taxes

Property Taxes

Parcel Number
0310520000008
Land Assessment
$510,487 CAD
Improvements Assessment
$689,139 CAD
Total Assessment
$1,199,627 CAD
  • Listing ID: 39107701

  • Date on Market: 2026-01-16

  • Last Updated:

  • Address: 1621 Collingsworth St, Houston, TX 77009

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