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Panther Petroleum 401 S May St 8,160 SF Retail Building Madisonville, TX 77864 $4,555,367 CAD ($558.26 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Attractive 2% Annual Rental Increases
- Strong Demographics for a Rural Trade Area | $65K+ Avg HH Income
- Robust Traffic Counts
- Daily-Needs Retail Asset | Captures Local & Highway Demand
Executive Summary
Surmount is pleased to present the exclusive listing for a Panther Petroleum located at 401 South May Street, Madisonville, TX 77864. The site consists of roughly 8,160 rentable square feet of building space on an estimated .5-acre parcel of land. Panther Petroleum is subject to a 20.01-year Triple Net (NNN) lease, which commenced 12/19/2025. The current annual rent is $245,000 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
8,160 SF
Building Class
C
Year Built
2018
Price
$4,555,367 CAD
Price Per SF
$558.26 CAD
Cap Rate
7.50%
NOI
$341,653 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.50 AC
Zoning
C - Commercial
Frontage
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R-0010-001-0090-901 | Improvements Assessment | $934,566 CAD |
| Land Assessment | $167,591 CAD | Total Assessment | $1,102,157 CAD |
Property Taxes
Parcel Number
R-0010-001-0090-901
Land Assessment
$167,591 CAD
Improvements Assessment
$934,566 CAD
Total Assessment
$1,102,157 CAD
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Panther Petroleum | 401 S May St
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