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.