Listed by Anchor Point Capital
$2,747,914
Absolute NNN Phillips 66 Gas Station | Houston MSA, TX
Details
APN 0462250000006
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,502
Units 1
NOI $192,354
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/26/2044
Remaining Term 20
Year Built 1994
Stories 1
Acreage 0.520
Investment Type Net Lease
Lease Commencement 09/27/2024
Ground Lease No
Sale Condition N/A
New 20 Year Absolute NNN Lease | 40 Years of Potential Remaining Lease Term
Marketing description
For more information contact:
Ned Skinner - [email protected]
Jacob Sparks - [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 3,502 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access Along Center Street
Outstanding Location in Houston, MSA
- 24,100 Cars Per Day Frontage along Center Street, a Primary Retail Corridor in Deer Park
- Nearby Retailers include Dutch Bros Coffee, Starbucks, Walgreens, Taco Bell, bealls, Food Town, Firehouse Subs, Sonic Drive-In, Planet Fitness, and more
- Excellent Demographics with Population of 186,915 and $99,588 Average Household Income within 1-Mile Radius
- Center of Bedroom Community flanked by over 5,000 Students from Deer Park Highschool, JP Dabbs Elementary, and Deer Park Elementary school
- Deer Park is part of the Houston MSA, home to the Energy Corridor and is the Energy Industry Hub in the Nation
Investment highlights
For more information contact:
Ned Skinner - [email protected]
Jacob Sparks - [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 3,502 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access Along Center Street
Outstanding Location in Houston, MSA
- 24,100 Cars Per Day Frontage along Center Street, a Primary Retail Corridor in Deer Park
- Nearby Retailers include Dutch Bros Coffee, Starbucks, Walgreens, Taco Bell, bealls, Food Town, Firehouse Subs, Sonic Drive-In, Planet Fitness, and more
- Excellent Demographics with Population of 186,915 and $99,588 Average Household Income within 1-Mile Radius
- Center of Bedroom Community flanked by over 5,000 Students from Deer Park Highschool, JP Dabbs Elementary, and Deer Park Elementary school
- Deer Park is part of the Houston MSA, home to the Energy Corridor and is the Energy Industry Hub in the Nation
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,354.00
$16,029.50/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Tax History
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