7111 Martin Luther King Jr Blvd - Service Station FOR SALE


Houston, TX 77033- South Park
$3,931,490 USD
925-348-1844
7111 Martin Luther King Jr Blvd, Houston, TX for Sale
$3,931,490 USD
Service Station - FOR SALE
1/1
null | 7.15% Cap Rate

7111 Martin Luther King Jr Blvd
Houston, TX 77033
South Park


HIGHLIGHTS

  • Long Term Absolute NNN Lease
  • Zero Landlord Obligations
  • Backed by Strong Houston-based Operator
  • Annual 2% Increases in Rent
  • Income Tax Free State
  • Additional Locations Available

OVERVIEW

This is the opportunity to acquire a newly leased Panther Petroleum location in Houston, Texas, secured by a new 20-year Absolute NNN Lease. The lease features 2% annual rent increases throughout the initial term, providing investors with predictable income growth and long-term stability. The property is strategically located along Martin Luther King Boulevard, benefiting from its position within the Houston metropolitan area and strong surrounding demand drivers. The offering features an Absolute NNN Lease structure with minimal landlord responsibilities, allowing investors to benefit from a passive income stream backed by a long-term lease commitment. With a 7.15% capitalization rate, $281,102 in annual rent, and scheduled annual increases, this asset provides an attractive opportunity to acquire a stable, income-producing investment.

FOR SALE DETAILS

PRICE

$3,931,490 USD

PRICE/SF

$1,091 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 20 Year NNN Lease Panther Petroleum

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

None

APN/PARCEL ID

0761540500019

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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