Listed by SURMOUNT
$6,149,739
Pinnacle Oil & Gas
Details
Property Type Retail
Sub Type Gas Station
Square Footage 4,935
Cap Rate 8%
NOI $491,979
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 07/28/2045
Remaining Term 19
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $1,246
Year Built 2017
Acreage 0.540
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/29/2025
Ownership Fee Simple
Retail | 8.00% CAP | 4,935 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 524 Pasadena Boulevard, Pasadena, Texas 77506. The site consists of roughly 4935 rentable square feet of building space on an estimated 0.54-acre parcel of land. This Pinnacle Oil & Gas is subject to a 20-year Triple Net (NNN) lease, which commenced 7/29/2025. The current annual rent is $491,979 and has scheduled increases of 2.00% Annually.
Investment highlights
- Absolute Triple Net Lease with No Landlord Responsibilities | Pinnacle Oil & Gas is under a brand-new 20-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 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 positioned along Pasadena Boulevard, a primary commercial corridor serving the Pasadena community and connecting directly to major regional routes including SH-225 and Beltway 8. Pasadena Boulevard experiences traffic counts of approximately 20,900 vehicles per day, providing excellent visibility and consistent exposure to commuters, commercial vehicles, and local residents—an ideal setting for fuel and convenience retail.
- Established Retail Corridor with National Tenants Nearby | The surrounding trade area features a strong mix of national and regional retailers that drive consistent consumer traffic to the corridor. Well-known brands in the broader Pasadena retail market include Walmart, McDonald’s, Walgreens, AutoZone, O’Reilly Auto Parts, Family Dollar, and other national retailers, reinforcing the area as a dominant neighborhood retail destination.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$491,979.00
$40,998.25/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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