Pinnacle - Houston, TX
15-Year ABS NNN C-Store – Houston, TX | 70+ Unit Operator | 7.75% CAP
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the Pinnacle Oil & Gas Triple Net Lease C-Store located at 5008 Aldine Bender Road in Houston, TX. The 1,910 SF convenience store sits on over 0.50 acres of land. This convenience store is subject to a 15-year Triple Net (NNN) Lease, which commenced 12/4/2024. The current annual rent is $280,000 and has a scheduled increase of 10% in just under four years.
Investment highlights
Strong Corporate Guarantee: Pinnacle Oil & Gas is a family-owned and operated business. Pinnacle operates 70+ locations and is strategically growing its gallons & locations in its home state of Texas and other markets.
Absolute Triple Net (NNN) Structure: Tenant is responsible for taxes, insurance, maintenance, roof, structure, HVAC, utilities, and all operating expenses, providing for truly zero landlord responsibilities and a passive investment.
Long-Term Lease: ~14 years remaining on an original 15-year lease with 10% rental increases every 5 years and 4 x 5 year renewal options, creating durable income and long term value.
Bonus Depreciation: This site qualifies for attractive depreciation benefits, providing additional value to a stable, long-term net lease investment.
Proven Profitability: This purpose built 1,910 SF convenience store, selling Citgo Fuel, is historically a revenue driving store and a key component of the operator’s portfolio profitability.
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