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Pinnacle Oil & Gas 10750 Veterans Memorial Dr 5,075 SF Retail Building Houston, TX 77038 $6,435,000 ($1,267.98/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- This Site Qualifies for Bonus Depreciation | Strong Reported Sales
- Attractive 2% Annual Rental Increases
- Absolute Triple Net Lease with No Landlord Responsibilities
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 10750 Veterans Memorial Drive, Houston, TX 77038. The site consists of roughly 5,075 rentable square feet of building space on an estimated 1.04-acre parcel of land. This Pinnacle Oil & Gas is subject to a 20-year Triple Net (NNN) lease, which commenced 7/29/2025. The current annual rent is $482,625 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,075 SF
Building Class
B
Year Built/Renovated
1996/2024
Price
$6,435,000
Price Per SF
$1,267.98
Cap Rate
7.50%
NOI
$482,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.04 AC
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1181670010001 | Improvements Assessment | $647,500 |
| Land Assessment | $817,056 | Total Assessment | $1,464,556 |
PROPERTY TAXES
Parcel Number
1181670010001
Land Assessment
$817,056
Improvements Assessment
$647,500
Total Assessment
$1,464,556
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Pinnacle Oil & Gas | 10750 Veterans Memorial Dr
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