13831 Huffmeister Rd - Service Station FOR SALE


Cypress, TX 77429
$5,489,583 USD
602-687-6780
13831 Huffmeister Rd, Cypress, TX for Sale
$5,489,583 USD
Service Station - FOR SALE
1/5
null | 7.2% Cap Rate

13831 Huffmeister Rd
Cypress, TX 77429


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 Cypress Trade Area with Over 260,000 Residents within a Five-Mile Radius
  • Easily Accessible by ±25,600 CPD at the Intersection of Huffmeister Rd and Kluge/ Blossomheath Rd
  • Households and Population Projected to Increase More Than 4% in the Immediate Area by 2030
  • Average Household Income Exceeds $167,000 within a 1-Mile Radius

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. Cypress, Texas a highly sought-after suburban region located approximately 25 miles northwest of Downtown Houston along the U.S. Route 290 corridor. Driven by massive corporate expansions, including major hubs like Amazon and relocated campuses like Chevron, its booming regional population has surged past 328,000 residents.

FOR SALE DETAILS

PRICE

$5,489,583 USD

PRICE/SF

$878 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Exxon (Panthers Petroleum)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

-

APN/PARCEL ID

1384160010001

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.