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Panther Petroleum 6500 S Broadway 1,500 SF Retail Building Tyler, TX 75703 $3,356,643 ($2,237.76/SF) 7.15% Cap Rate
Investment Highlights
- Long Term Absolute NNN Lease
- Zero Landlord Obligations
- Situated in a Major Retail Corridor
- Backed by Strong Houston-based Operator
- Annual 2% Increases in Rent
- Income Tax Free State
Executive Summary
This is the opportunity to acquire a Panther Petroleum location in Tyler, Texas, secured by a New 20 Year Absolute NNN Lease expiring 12/31/2045 with 2% annual rent increases. Offered at $3,356,643 at a 7.15% CAP rate on $240,000 annual rent ($161.18/SF).The Absolute NNN structure carries zero landlord responsibilities, and income tax-free Texas offers investors a stable, passive income stream in a pro-business environment. The lease is backed by Panther Petroleum, a fast-growing Houston-based operator that grew from 23 stores in 2024 to 30+ by mid-2025, with plans to reach 50–55 under brands including Shell, Chevron, Exxon, and Valero.
The property sits on Tyler's dense South Broadway retail corridor, surrounded by national retailers and grocery anchors that drive consistent daily traffic.
The property sits on Tyler's dense South Broadway retail corridor, surrounded by national retailers and grocery anchors that drive consistent daily traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,500 SF
Building Class
C
Year Built
2001
Price
$3,356,643
Price Per SF
$2,237.76
Cap Rate
7.15%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.28 AC
Zoning
C1
Parking
9 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
82’ on Broadway
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-50000-1013-14-001000 | Improvements Assessment | $378,881 |
| Land Assessment | $179,685 | Total Assessment | $558,566 |
Property Taxes
Parcel Number
1-50000-1013-14-001000
Land Assessment
$179,685
Improvements Assessment
$378,881
Total Assessment
$558,566
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