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Pinnacle - Houston, TX 5008 Aldine Bender Rd 1,910 SF Retail Building Houston, TX 77032 $4,929,481 CAD ($2,580.88 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Pinnacle Oil & Gas is a family-owned and operated business. Pinnacle operates 70+ locations and is strategically growing its gallons & locations.
- ~14 years remaining on an original 15-year lease with 10% rental increases every 5 years and 4 x 5 year renewal options, creating durable income.
- This purpose built 1,910 SF convenience store, selling Citgo Fuel, is historically a revenue driving store and a key component.
- Tenant is responsible for taxes, insurance, maintenance, roof, structure, HVAC, utilities, and all operating expenses.
- This site qualifies for attractive depreciation benefits, providing additional value to a stable, long-term net lease investment.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the Pinnacle Oil & Gas Triple Net Lease C-Store located at 5008 Aldine Bender Road in Houston, TX. The 1,910 SF convenience store sits on over 0.50 acres of land. This convenience store is subject to a 15-year Triple Net (NNN) Lease, which commenced 12/4/2024. The current annual rent is $280,000 and has a scheduled increase of 10% in just under four years.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,910 SF
Building Class
C
Year Built
1966
Price
$4,929,481 CAD
Price Per SF
$2,580.88 CAD
Cap Rate
7.75%
NOI
$382,035 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.51 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Pinnacle
- Mining, Quarrying, and Oil and Gas Extraction
- 1,910 SF
- $200.48 CAD
- Dec 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Pinnacle | Mining, Quarrying, and Oil and Gas Extraction | 1,910 SF | $200.48 CAD | Dec 2039 |
Property Taxes
| Parcel Number | 0440250000005 | Improvements Assessment | $424,156 CAD |
| Land Assessment | $182,017 CAD | Total Assessment | $606,172 CAD |
Property Taxes
Parcel Number
0440250000005
Land Assessment
$182,017 CAD
Improvements Assessment
$424,156 CAD
Total Assessment
$606,172 CAD
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Pinnacle - Houston, TX | 5008 Aldine Bender Rd
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