Listed by Anchor Point Capital
$5,062,600
Absolute NNN Phillips 66 Gas Station | Houston MSA, TX
Details
APN 1013680000026
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,473
Units 1
NOI $354,382
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/31/2045
Remaining Term 20
Year Built 1999
Stories 1
Acreage 0.510
Investment Type Net Lease
Lease Commencement 04/01/2025
Ground Lease No
Sale Condition N/A
New 20 Year Absolute NNN Lease | 2% Annual Rent Increases in Primary Term and Option Periods
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
- 3,473 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access on Beechnut Street
Outstanding Location in Houston, MSA
- Signalized Hard‑Corner Intersection
- 51,500 Cars Per Day at the Intersection of Beechnut Street and Cook Road
- Excellent Demographics with Population of 525,659 and $80,030 Average Household Income within a 5‑Mile Radius in a Dense, Established Residential Trade Area
- Located within the Houston MSA, One of the Fastest‑Growing Large Metros in the U.S. and a Major Hub for Energy, Healthcare, and Port‑Related Employment
- Income Tax Free State of Texas
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
- 3,473 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access on Beechnut Street
Outstanding Location in Houston, MSA
- Signalized Hard‑Corner Intersection
- 51,500 Cars Per Day at the Intersection of Beechnut Street and Cook Road
- Excellent Demographics with Population of 525,659 and $80,030 Average Household Income within a 5‑Mile Radius in a Dense, Established Residential Trade Area
- Located within the Houston MSA, One of the Fastest‑Growing Large Metros in the U.S. and a Major Hub for Energy, Healthcare, and Port‑Related Employment
- Income Tax Free State of Texas
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$354,382.00
$29,531.83/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Property History
Tax History
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