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Pinnacle Oil & Gas 524 Pasadena Blvd 4,935 SF Retail Building Pasadena, TX 77506 $6,029,156 ($1,221.71/SF) 8% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Robust Traffic Counts
- Attractive 2% Annual Rental Increases
- Established Retail Corridor with National Tenants Nearby
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,935 SF
Building Class
B
Year Built
2017
Price
$6,029,156
Price Per SF
$1,221.71
Cap Rate
8%
NOI
$482,333
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.90 AC
Opportunity Zone
Yes
Zoning
None - Unrestricted
Frontage
204’ on Pasadena Boulevard
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0690840070001 | Improvements Assessment | $837,205 |
| Land Assessment | $279,756 | Total Assessment | $1,116,961 |
Property Taxes
Parcel Number
0690840070001
Land Assessment
$279,756
Improvements Assessment
$837,205
Total Assessment
$1,116,961
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Pinnacle Oil & Gas | 524 Pasadena Blvd
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