401 S May St - Service Station FOR SALE


Madisonville, TX 77864
$2,656,200 USD
310-850-3124
401 S May St, Madisonville, TX for Sale
$2,656,200 USD
Service Station - FOR SALE
1/5
null | 8% Cap Rate

401 S May St
Madisonville, TX 77864


HIGHLIGHTS

  • New 20-year absolute NNN lease; Features attractive 7.5% rental increases every 5 years
  • Large c-store (8,000+ SF) equipped with drive-thru; Madisonville is approximately halfway between Houston and Waco, TX just off I-45
  • Panthers Petroleum - highly experienced, Houston-based operator
  • Operator has 15 years of experience and has grown to 20+ locations throughout all its entities

OVERVIEW

Century Partners is pleased to offer a Gas Station & C-Store featuring a brand-new 20-year absolute NNN lease that provides long-term stability with zero landlord responsibilities. The lease includes attractive 7.5% rental increases every five years, ensuring steady income growth throughout the term. The property boasts a large 8,000+ square foot convenience store equipped with a modern drive-thru, designed to maximize customer traffic and sales while catering to today’s convenience-driven consumers. Strategically positioned to serve a high-volume market, this asset combines a strong operator, durable lease terms, and best-in-class design to deliver a secure and compelling investment opportunity.

FOR SALE DETAILS

PRICE

$2,656,200 USD

PRICE/SF

$326 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gas Station & C-Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,701 SF

ZONING

-

APN/PARCEL ID

R-0010-001-0090-901

ASK ABOUT THIS PROPERTY

Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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