Listed by SURMOUNT
$6,510,000
AAA Petroleum
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,000
Cap Rate 7.25%
NOI $471,975
Occupancy 100%
Tenancy Single
Brand/Tenant AAA Petroleum
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options 2, 10-Year Options
Year Built 1998
Year Renovated 2009
Acreage 2.000
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/31/2025
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for an AAA Petroleum located at 16244 TX-105, Conroe, TX 77306. The site consists of roughly 5,000 rentable square feet of building space on an estimated 2-acre parcel of land. This AAA Petroleum is subject to a 20-year Triple Net (NNN) lease, which commenced 12/31/2025. The current annual rent is $465,000 and has scheduled increases of 1.50% annually.
Investment highlights
- This Site Qualifies for Bonus Depreciation | Strong Reported Sales | The site qualifies for bonus depreciation, and the tenant's strong reported sales make it an even more attractive asset due to the associated tax efficiencies.
- Absolute Triple Net Lease with No Landlord Responsibilities | AAA Petroleum 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 1.50% Annual Rental Increases | The lease includes 1.50% annual rent increases during the 20-year base term and both of the two 10-year option periods. This predictable escalation structure supports long-term income growth and provides a hedge against inflation.
- Strong Tenant and Corporate Guarantee | The lease is backed by AAA Management, a debt-free, profitable operator with 80+ locations across the Midwest featuring branded fuel, large-format c-stores, and integrated foodservice with nationally recognized QSR brands. With over two decades of experience, the company operates a scalable, relationship-driven platform delivering consistent performance and ongoing growth opportunities.
- Prime Highway Frontage at Signalized Intersection | The subject property is strategically positioned along TX-105 at a signalized intersection with Crockett Martin Road, offering excellent visibility and access to approximately 20,000 vehicles per day.
- Rapidly Growing Houston MSA | The subject property is located in Conroe, TX, within the Houston MSA one of the fastest growing metropolitan areas in the country. The population within a 3- and 5-mile radius has increased by over 10% since 2020, with an additional 9.5% growth projected through 2029, supporting long-term demand for fuel and convenience retail.
- Strong Retail Synergy with National Co Tenancy | The property benefits from strong retail synergy, surrounded by a dense concentration of national retailers and local restaurants that generate steady daily traffic. Family Dollar and O’Reilly Auto Parts are located directly across the street, with additional nearby tenants including Pizza Hut, DG Market, Dollar General, Dominos, Taco Bell, and more, creating a highly active retail corridor.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$471,975.00
$39,331.25/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
