Absolute NNN Lease Panther Petroleum 12206 Bammel North Houston Rd 2,560 SF Retail Building Houston, TX 77066 $4,707,692 ($1,838.94/SF) 7.15% Cap Rate

The Kase Group is pleased to offer 12206 Bammel North Houston Road, an approximately 2,600 SF single-tenant fuel and convenience property in Houston, TX, secured by a brand-new 20-year absolute NNN lease to Panther Petroleum II running through December 31, 2044 — a fully passive,
management-free income stream.
The lease carries 2% annual rent increases, building income throughout the hold on top of $336,600 of in-place annual rent. Panther Petroleum is a rapidly growing, Houston-based fuel retail and convenience store operator delivering a modern, customer-centric experience across its network of fuel stations and retail locations, offering gasoline and diesel fuel, convenience merchandise, grab-and-go food and beverages, and ancillary items such as beer and wine. The operator is expanding through acquisitions toward a portfolio of 50-plus locations, and its specialized fueling infrastructure — pumps, canopies, and retail build-outs — creates higher barriers to entry and re-tenanting that support long-term
occupancy and asset stability. The subject sits in Panther Petroleum's home market. Fuel and convenience is essential, internet-resistant retail, and the asset sits in income tax-free Texas with a probusiness environment.