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Pinnacle Oil & Gas 6099 Gulfway Dr 3,956 SF Retail Building Groves, TX 77619 $5,937,872 CAD ($1,500.98 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Bonus Depreciable Asset
- Strong Corporate Guarantee
- Robust Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 6099 Gulfway Drive, Groves, TX 77619. The site consists of roughly 3,956 rentable square feet of building space on an estimated .52-acre parcel of land. Pinnacle Oil & Gas is subject to a 15.1-year Triple Net (NNN) lease, which commenced 12/29/2023. The current annual rent is $330,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,956 SF
Building Class
C
Year Built
2014
Price
$5,937,872 CAD
Price Per SF
$1,500.98 CAD
Cap Rate
7.75%
NOI
$460,185 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.52 AC
Zoning
None - None
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 031950-000-002800-00000 | Improvements Assessment | $1,047,962 CAD |
| Land Assessment | $65,370 CAD | Total Assessment | $1,113,331 CAD |
Property Taxes
Parcel Number
031950-000-002800-00000
Land Assessment
$65,370 CAD
Improvements Assessment
$1,047,962 CAD
Total Assessment
$1,113,331 CAD
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Pinnacle Oil & Gas | 6099 Gulfway Dr
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