6099 Gulfway Dr - Service Station FOR SALE
Groves, TX 77619 |
6099 Gulfway Dr
Groves, TX 77619
HIGHLIGHTS
- Pinnacle Oil & Gas is a familyowned and operated business. Pinnacle operates 70+ locations.
- Tenant is responsible for taxes, insurance, maintenance, roof, structure, HVAC, utilities, and all operating expenses.
- This site qualifies for attractive depreciation benefits, providing additional value to a stable, longterm net lease investment.
- This purpose built 3,956 SF convenience store, selling Chevron Fuel, is historically a revenue driving store and a key component.
- ~13 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.
- Close proximity to several major oil refineries, creating a large workforce population and a need for convenience store services.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Pinnacle Oil & Gas - Groves, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Storefront
TOTAL BUILDING SIZE
3956
STORIES
1
YEAR BUILT
2000
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
031950-000-002800-00000
