6099 Gulfway Dr - Service Station FOR SALE


Groves, TX 77619
$4,258,065 USD
203-887-8797
6099 Gulfway Dr, Groves, TX for Sale
$4,258,065 USD
Service Station - FOR SALE
1/3
null | 7.75% Cap Rate

6099 Gulfway Dr
Groves, TX 77619


HIGHLIGHTS

  • Absolute Triple Net Lease with No Landlord Responsibilities
  • Strong Corporate Guarantee
  • Bonus Depreciable Asset
  • Robust Traffic Counts

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 6099 Gulfway Drive, Groves, TX 77619. The site consists of roughly 3,956 rentable square feet of building space on an estimated .52-acre parcel of land. Pinnacle Oil & Gas is subject to a 15.1-year Triple Net (NNN) lease, which commenced 12/29/2023. The current annual rent is $330,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$4,258,065 USD

PRICE/SF

$1,076 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pinnacle Oil & Gas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

None

APN/PARCEL ID

031950-000-002800-00000

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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