401 S May St - Service Station FOR SALE


Madisonville, TX 77864
$3,266,667 USD
203-887-8797
401 S May St, Madisonville, TX for Sale
$3,266,667 USD
Service Station - FOR SALE
1/3
null | 7.5% Cap Rate

401 S May St
Madisonville, TX 77864


HIGHLIGHTS

  • Attractive 2% Annual Rental Increases
  • Robust Traffic Counts
  • Strong Demographics for a Rural Trade Area | $65K+ Avg HH Income
  • Daily-Needs Retail Asset | Captures Local & Highway Demand

OVERVIEW

Surmount is pleased to present the exclusive listing for a Panther Petroleum located at 401 South May Street, Madisonville, TX 77864. The site consists of roughly 8,160 rentable square feet of building space on an estimated .5-acre parcel of land. Panther Petroleum is subject to a 20.01-year Triple Net (NNN) lease, which commenced 12/19/2025. The current annual rent is $245,000 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$3,266,667 USD

PRICE/SF

$400 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panther Petroleum

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

C

APN/PARCEL ID

R-0010-001-0090-901

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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