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29870262

38200 Shaver St, Pasadena, TX 77504

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners
$6,000,000
104 days on market
Updated 81 days ago

Gas Station & C-Store – 15-Year Absolute NNN

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 6,300
Cap Rate 7.75%
NOI $465,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 4 - 5 years
Price per SqFt $952
Broker Co-Op Yes
Acreage 1.250
Investment Type Net Lease

Absolute Triple Net Lease with No Landlord Responsibilities

Marketing description

CrownPoint Partners is pleased to present a rare net lease opportunity featuring a 15-year absolute NNN lease to an experienced and proven operator, offering a true hands-off investment with zero landlord responsibilities.

The lease includes 2% Annual increases, delivering steady income growth over time.

Located at a seasoned, high-performing site with over 40 years of continuous operation as a gas station and convenience store, this property combines long-term stability with built-in rent escalations for a compelling investment profile.

Investment highlights

Listing Contacts

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$465,000.00
$38,750.00/mo

Valuation Metrics

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DSCR
7.75%
Cap Rate
7.75%
ROI

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