Listed by Sands Investment Group, Sands Investment Group Austin
$3,200,000
Pinnacle C-Store - Lubbock, TX
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,327
Cap Rate 7.5%
NOI $240,000
Occupancy 100%
Tenancy Single
Brand/Tenant Pinnacle Oil and Gas
Lease Type NNN
Lease Term 13
Lease Expiration 12/29/2038
Remaining Term 12.6
Rent Bumps Yes
Lease Options 4 x 5 Years Options
Price per SqFt $962
Acreage 0.600
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Lease Commencement 12/29/2023
Sale Condition Sale for leaseback
Absolute Triple Net C-Store | 90K+ VPD | Surrounded by National Tenants | Tax Free State - Texas
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 3,327 SF Pinnacle C-Store located at 2815 Slide Rd in Lubbock, TX. This deal includes an investment-grade tenant with strong brand recognition and a proven track record of performance in the fuel and convenience retail sector, positioned for dependable long-term performance in a prime retail corridor.
Investment highlights
- Strong Corporate Guaranty: Pinnacle is based in Houston, TX, and operates over 70 locations across Texas and two additional states.
- Bonus Depreciation Eligible: This site qualifies for bonus depreciation, offering meaningful first-year tax advantages.
- Triple Net Lease: Zero landlord responsibilities, delivering truly passive ownership.
- Prime Signalized Intersection: Strategically positioned at a signalized four-way intersection with multiple points of ingress and egress, providing seamless access to daily traffic.
- Proximity to Major Retail Hubs: Nearby retail developments include South Plains Mall, Canyon West Shopping Center, Promenade at West End, and the Milwaukee Corridor, featuring over 250 retailers.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,000.00
$20,000.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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