Listed by SURMOUNT
$7,923,077
Pinnacle Gas | Miami | 22 Year Lease
Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,800
Cap Rate 6.5%
NOI $515,000
Occupancy 100%
Tenancy Single
Brand/Tenant Pinnacle Oil & Gas
Lease Type NNN
Lease Term 22
Lease Expiration 01/31/2047
Remaining Term 20.7
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $2,830
Year Built 2002
Acreage 0.510
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2025
Ground Lease No
Ownership Fee Simple
Pinnacle Gas | Miami | 22 Year Lease
Marketing description
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 21100 S Dixie Hwy, Miami, FL 33177. The site consists of roughly 2,800 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Pinnacle Oil & Gas is subject to a 22-year Triple Net (NNN) lease, which commenced 2/1/2025. The current annual rent is $515,000 and has scheduled increases of 2% annually starting February 2027.
Investment highlights
- This Site Qualifies for Bonus Depreciation | The site qualifies for bonus depreciation, further enhancing its attractiveness due to the associated tax efficiencies.
- Absolute Triple Net Lease with No Landlord Responsibilities | Pinnacle Oil & Gas is under a brand-new 22-year absolute triple net lease, placing all expenses on the tenant and eliminating landlord responsibilities. This structure ensures investors receive predictable, passive income with long-term stability.
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 22-year base term and each of the four 5-year option periods. This predictable escalation structure supports long-term income growth and provides a hedge against inflation.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$515,000.00
$42,916.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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