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Pinnacle Oil & Gas 524 Pasadena Blvd 4,935 SF Retail Building Pasadena, TX 77506 $8,351,346 CAD ($1,692.27 CAD/SF) 8% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Robust Traffic Counts
- Attractive 2% Annual Rental Increases
Executive Summary
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 524 Pasadena Boulevard, Pasadena, Texas 77506. The site consists of roughly 4935 rentable square feet of building space on an estimated 0.54-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 $491,979 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,935 SF
Building Class
B
Year Built
2017
Price
$8,351,346 CAD
Price Per SF
$1,692.27 CAD
Cap Rate
8%
NOI
$668,108 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
None - Unrestricted
Frontage
204’ on Pasadena Boulevard
Amenities
- Signage
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0690840070001 | Improvements Assessment | $1,145,045 CAD |
| Land Assessment | $382,622 CAD | Total Assessment | $1,527,668 CAD |
Property Taxes
Parcel Number
0690840070001
Land Assessment
$382,622 CAD
Improvements Assessment
$1,145,045 CAD
Total Assessment
$1,527,668 CAD
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Pinnacle Oil & Gas | 524 Pasadena Blvd
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