Log In/Sign Up
Your email has been sent.
New 20 Year NNN Lease Panther Petroleum 7111 Martin Luther King Jr Blvd 3,603 SF 100% Leased Retail Building Houston, TX 77033 $3,931,490 ($1,091.17/SF) 7.15% Cap Rate
Investment Highlights
- Long Term Absolute NNN Lease
- Backed by Strong Houston-based Operator
- Income Tax Free State
- Zero Landlord Obligations
- Annual 2% Increases in Rent
- Additional Locations Available
Executive Summary
This is the opportunity to acquire a newly leased Panther Petroleum location in Houston, Texas, secured by a new 20-year Absolute NNN Lease. The lease features 2% annual rent increases throughout the initial term, providing investors with predictable income growth and long-term stability. The property is strategically located along Martin Luther King Boulevard, benefiting from its position within the Houston metropolitan area and strong surrounding demand drivers.
The offering features an Absolute NNN Lease structure with minimal landlord responsibilities, allowing investors to benefit from a passive income stream backed by a long-term lease commitment. With a 7.15% capitalization rate, $281,102 in annual rent, and scheduled annual increases, this asset provides an attractive opportunity to acquire a stable, income-producing investment.
The offering features an Absolute NNN Lease structure with minimal landlord responsibilities, allowing investors to benefit from a passive income stream backed by a long-term lease commitment. With a 7.15% capitalization rate, $281,102 in annual rent, and scheduled annual increases, this asset provides an attractive opportunity to acquire a stable, income-producing investment.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,603 SF
Building Class
C
Year Built
1978
Price
$3,931,490
Price Per SF
$1,091.17
Cap Rate
7.15%
NOI
$281,102
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.44 AC
Zoning
None
Parking
8 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
217’ on MLK Blvd
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0761540500019 | Improvements Assessment | $646,008 |
| Land Assessment | $248,430 | Total Assessment | $894,438 |
Property Taxes
Parcel Number
0761540500019
Land Assessment
$248,430
Improvements Assessment
$646,008
Total Assessment
$894,438
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
