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Pinnacle Oil & Gas - Groves, TX 6099 Gulfway Dr 3,956 SF Retail Building Groves, TX 77619 $4,400,000 ($1,112.23/SF) 7.50% Cap Rate
Investment Highlights
- Pinnacle Oil & Gas is a familyowned and operated business. Pinnacle operates 70+ locations.
- This site qualifies for attractive depreciation benefits, providing additional value to a stable, longterm net lease investment.
- ~13 years remaining on an original 15-year lease with 10% rental increases every 5 years and 4 x 5 year renewal options, creating durable income.
- Tenant is responsible for taxes, insurance, maintenance, roof, structure, HVAC, utilities, and all operating expenses.
- This purpose built 3,956 SF convenience store, selling Chevron Fuel, is historically a revenue driving store and a key component.
- Close proximity to several major oil refineries, creating a large workforce population and a need for convenience store services.
Executive Summary
Sands Investment Group is pleased to present the exclusive listing for a Pinnacle Oil & Gas Triple Net Lease C-Store located at 6099 Gulfway Drive in Groves, TX 77619. The approximately 4,000 SF convenience store sits on over 0.50-acre parcel of land. This convenience store is subject to a 15-year Triple Net Lease (NNN) lease, which commenced 12/23/2023. The current annual rent is $330,000 and has a scheduled increase of 10% in just under three years.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,956 SF
Building Class
C
Year Built
2000
Price
$4,400,000
Price Per SF
$1,112.23
Cap Rate
7.50%
NOI
$330,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.52 AC
Zoning
None - None
Parking
9 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- pinnacle oil & Gas
- Mining, Quarrying, and Oil and Gas Extraction
- 3,956 SF
- $83.42
- Triple Net
- Jan 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| pinnacle oil & Gas | Mining, Quarrying, and Oil and Gas Extraction | 3,956 SF | $83.42 | Triple Net | Jan 2039 |
Property Taxes
| Parcel Number | 031950-000-002800-00000 | Improvements Assessment | $762,864 |
| Land Assessment | $47,586 | Total Assessment | $810,450 |
Property Taxes
Parcel Number
031950-000-002800-00000
Land Assessment
$47,586
Improvements Assessment
$762,864
Total Assessment
$810,450
Contacts
-
Matt Sawyer -
Munir Meghjani -
Rahill Lakhani -
Sands Investment Group Atlanta, LLC
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Pinnacle Oil & Gas - Groves, TX | 6099 Gulfway Dr
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