Listed by SURMOUNT
$4,258,065
Pinnacle Oil & Gas
Details
Property Type Retail
Sub Type Gas Station
Square Footage 3,956
Cap Rate 7.75%
NOI $330,000
Occupancy 100%
Tenancy Single
Brand/Tenant Pinnacle Oil & Gas
Lease Type NNN
Lease Term 15.1
Lease Expiration 01/31/2039
Remaining Term 12.5
Price per SqFt $1,076
Year Built 2014
Acreage 0.520
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/29/2023
Ownership Fee Simple
Retail | 7.75% CAP | 3,956 SqFt
Marketing description
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.
Investment highlights
- Absolute Triple Net Lease with No Landlord Responsibilities | 13-year triple net lease with 10% rental increases every 5 years and four 5-year renewal options, creating durable income and long term value.
- Strong Corporate Guarantee | The lease is backed by Pinnacle Oil & Gas, a family-run fuel and convenience store operator established in 2020. The company operates 70 stores across three states with over $108 million in annual revenue and maintains above-average margins through strategic expansion and operational efficiency.
- Bonus Depreciable Asset | The subject property qualifies as a bonus depreciable asset, providing investors with the opportunity to accelerate depreciation and potentially reduce taxable income, resulting in improved after-tax cash flow.
- Robust Traffic Counts | The property is positioned along Gulfway Drive, which experiences approximately 12,000 vehicles per day, providing consistent visibility and daily exposure to local residents, commuters, and industrial workforce traffic throughout the Groves and Port Arthur trade area. This steady traffic flow supports strong fuel demand and convenience retail sales.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$330,000.00
$27,500.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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