Listed by SURMOUNT
$3,266,667
Panther Petroleum
Details
Property Type Retail
Sub Type Gas Station
Square Footage 8,160
Cap Rate 7.5%
NOI $245,000
Occupancy 100%
Tenancy Single
Brand/Tenant Panther Petroleum
Lease Type NNN
Lease Term 20
Lease Expiration 12/19/2045
Remaining Term 19.6
Price per SqFt $400
Year Built 2018
Acreage 0.500
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/19/2025
Ownership Fee Simple
Retail | 7.50% CAP | 8,160 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Panther Petroleum located at 401 South May Street, Madisonville, TX 77864. The site consists of roughly 8,160 rentable square feet of building space on an estimated .5-acre parcel of land. Panther Petroleum is subject to a 20.01-year Triple Net (NNN) lease, which commenced 12/19/2025. The current annual rent is $245,000 and has scheduled increases of 2.00% Annually.
Investment highlights
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-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.
- Robust Traffic Counts | The property is strategically located along South May Street (TX-75), a primary retail corridor through Madisonville with traffic counts of approximately 8,000+ vehicles per day. The site offers strong visibility, multiple access points, and seamless connectivity to Interstate 45 (~40,000+ VPD), maximizing exposure to both local residents and regional commuters.
- Strong Demographics for a Rural Trade Area | $65K+ Avg HH Income | The property benefits from a stable consumer base within a 1–5 mile radius, with average household incomes exceeding $65,000 and a steady population supported by local employment drivers. The surrounding area provides a reliable mix of full-time residents and commuter traffic, supporting long-term tenant performance.
- Daily-Needs Retail Asset | Captures Local & Highway Demand | Madisonville serves as a key stopover market along I-45, creating stable, inelastic demand for gas stations, convenience stores, and QSR uses. The property is wellpositioned to capture both repeat local traffic and high-margin impulse purchases from pass-through travelers.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$245,000.00
$20,416.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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