1150 Texas Ave - Retail FOR SALE
Bridge City, TX 77611 |
$9,035,000 USD
203-887-8797
1150 Texas Ave
Bridge City, TX 77611
HIGHLIGHTS
- Attractive Depreciation Benefits | This site qualifies for an accelerated depreciation schedule of 15 years making it an even more attractive asset
- Absolute Triple Net Lease with No Landlord Responsibilities | Pinnacle Oil & Gas is under a brand-new 20-year absolute triple net lease
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term
OVERVIEW
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 1150 Texas Avenue, Bridge City, Texas 77611. The site consists of roughly 10560 rentable square feet of building space on an estimated 1.07-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 $677,625 and has scheduled increases of 2.00% Annually.
FOR SALE DETAILS
PRICE
$9,035,000 USD
PRICE/SF
$856 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pinnacle Oil & Gas
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,609 SF
ZONING
-
APN/PARCEL ID
000015-031701
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203-887-8797
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203-887-8797
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