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Gas Station & C-Store 1621 Collingsworth St 2,925 SF Retail Building Houston, TX 77009 $3,750,000 ($1,282.05/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

New 20-year absolute NNN lease; 30+ year seasoned location – has operated since 1994; Bonus Depreciation Eligible
Dense residential area: 177,000+ households within 5-mile radius; Average household income of $103,000+ within 5-mile radius

Signalized hard corner, direct frontage to 6,400+ vehicles per day; Primary daytime traffic corridor
Panthers Petroleum - highly experienced, Houston-based operator

EXECUTIVE SUMMARY

Century Partners is pleased to offer a rare investment opportunity in a high-performing gas station and convenience store under a brand-new 20-year absolute NNN lease. This seasoned location has operated successfully since 1994, demonstrating over 30 years of consistent performance and tenant stability. In addition to its strong operational history, the property offers investors the benefit of Bonus Depreciation eligibility.

OM - Gas_1621 Collingsworth St_Houston, TX

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Service Station

Building Size

2,925 SF

Building Class

Year Built

1994

Price

$3,750,000

Price Per SF

$1,282.05

Cap Rate

NOI

$300,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.19

Lot Size

0.34 AC

Opportunity Zone

Yes

Frontage

116’ on Collingsworth Street

Mining, Quarrying, and Oil and Gas Extraction
99,999 SF
$9.99
-

Chevron is one of the world’s leading integrated energy companies. They believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals, and additives; and develops technologies that enhance their business and the industry. To advance a lower-carbon future, they are focused on cost-efficiently lowering their carbon intensity, increasing renewables and offsets in support of their business, and investing in low-carbon technologies that enable commercial solutions. Their greatest resource is their people. Their ingenuity, creativity, and collaboration have met the complex challenges of energy’s past. Together, they’ll take on the future.