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6099 Gulfway Dr
Groves, TX 77619
Pinnacle Oil & Gas · Retail Property For Sale
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Bonus Depreciable Asset
- Strong Corporate Guarantee
- Robust Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 6099 Gulfway Drive, Groves, TX 77619. The site consists of roughly 3,956 rentable square feet of building space on an estimated .52-acre parcel of land. Pinnacle Oil & Gas is subject to a 15.1-year Triple Net (NNN) lease, which commenced 12/29/2023. The current annual rent is $330,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,956 SF
Building Class
C
Year Built
2014
Price
$4,258,065
Price Per SF
$1,076.36
Cap Rate
7.75%
NOI
$330,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.52 AC
Zoning
None - None
Frontage
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
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