$3,612,903 USD
610-550-8884
5008 Aldine Bender Rd
Houston, TX 77032
Greenspoint/IAH Airport
HIGHLIGHTS
- Pinnacle Oil & Gas is a family-owned and operated business. Pinnacle operates 70+ locations and is strategically growing its gallons & locations.
- Tenant is responsible for taxes, insurance, maintenance, roof, structure, HVAC, utilities, and all operating expenses.
- ~14 years remaining on an original 15-year lease with 10% rental increases every 5 years and 4 x 5 year renewal options, creating durable income.
- This site qualifies for attractive depreciation benefits, providing additional value to a stable, long-term net lease investment.
- This purpose built 1,910 SF convenience store, selling Citgo Fuel, is historically a revenue driving store and a key component.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the Pinnacle Oil & Gas Triple Net Lease C-Store located at 5008 Aldine Bender Road in Houston, TX. The 1,910 SF convenience store sits on over 0.50 acres of land. This convenience store is subject to a 15-year Triple Net (NNN) Lease, which commenced 12/4/2024. The current annual rent is $280,000 and has a scheduled increase of 10% in just under four years.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$3,612,903 USD
PRICE/SF
$1,892 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pinnacle - Houston, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,216 SF
ZONING
-
APN/PARCEL ID
0440250000005
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610-550-8884
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610-550-8884
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