12400 Almeda Rd - Service Station FOR SALE


Houston, TX 77045- Central Southwest
$4,722,222 USD
602-687-6780
12400 Almeda Rd, Houston, TX for Sale
$4,722,222 USD
Service Station - FOR SALE
1/5
null | 7.2% Cap Rate

12400 Almeda Rd
Houston, TX 77045
Central Southwest


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Annual Rental Increases
  • Tenant is a Rapidly Growing Fuel Retail and Convenience Store Operator with Over 55 Locations Throughout Texas
  • Densely-Populated Houston Trade Area with Nearly 280,000 Residents within Five Miles
  • Households Projected to Increase Approximately 6% in the Surrounding Area by 2030
  • Positioned Along Almeda Road, a Major North-South Thoroughfare Providing a Direct Route into Downtown Houston
  • Signalized Hard Corner Location, Easily Accessible by ±39,000 Cars per Day

OVERVIEW

Panthers Petroleum is a rapidly growing convenience store and fuel retail operator headquartered in Houston, Texas. The company is dedicated to delivering a superior customer experience through modern fuel stations, well-stocked convenience stores, and clean, professionally maintained facilities. Panthers Petroleum’s business model focuses on providing everyday essentials, fuel, beverages, snacks, and convenience retail products in high-traffic markets throughout Texas. As the fifth-most populous metro area in the United States, Houston houses more than 7.4 million people in southeastern Texas. Roughly one-third of residents live in the city of Houston.

FOR SALE DETAILS

PRICE

$4,722,222 USD

PRICE/SF

$1,103 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CitGo (Panthers Petroleum)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

0441160000168

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.