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401 S May St
Madisonville, TX 77864
Panther Petroleum · Retail Property For Sale
Investment Highlights
- Attractive 2% Annual Rental Increases
- Strong Demographics for a Rural Trade Area | $65K+ Avg HH Income
- Robust Traffic Counts
- Daily-Needs Retail Asset | Captures Local & Highway Demand
Executive Summary
Surmount is pleased to present the exclusive listing for a Panther Petroleum located at 401 South May Street, Madisonville, TX 77864. The site consists of roughly 8,160 rentable square feet of building space on an estimated .5-acre parcel of land. Panther Petroleum is subject to a 20.01-year Triple Net (NNN) lease, which commenced 12/19/2025. The current annual rent is $245,000 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
8,160 SF
Building Class
C
Year Built
2018
Price
$3,266,667
Price Per SF
$400.33
Cap Rate
7.50%
NOI
$245,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.50 AC
Zoning
C - Commercial
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | R-0010-001-0090-901 | Improvements Assessment | $670,180 |
| Land Assessment | $120,180 | Total Assessment | $790,360 |
Property Taxes
Parcel Number
R-0010-001-0090-901
Land Assessment
$120,180
Improvements Assessment
$670,180
Total Assessment
$790,360
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