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Gas Station & C-Store – 20-Year Absolute NNN 8605 Fulton St 3,570 SF 100% Leased Retail Building Houston, TX 77022 $4,600,000 ($1,288.52/SF) 8% Cap Rate
Investment Highlights
- 20-year absolute NNN lease with zero landlord responsibilities and 10% rent increases every five years.
- Surrounded by six education campuses and major national retailers along a key I-45 North corridor.
- Established 24-year location on a signalized corner with frontage to 12,000+ vehicles daily.
- Experienced Houston-based operator with 50 locations and 15 years of successful operating history.
Executive Summary
New 20-Year Absolute NNN Lease
Signalized Corner, 24-Year Seasoned Location
Minutes from I-45 North and Houston's Urban Core
Bonus Depreciation Eligible
Investment Highlights
•20-year absolute NNN lease to experienced operator
•Zero landlord responsibilities — hands-off investment
•10% increases every 5 years
•24-year seasoned location
•Bonus Depreciation Eligible
Market Highlights
•Signalized corner, direct frontage to ~12,000+ vehicles per day
•Six education campuses within a mile: Burbank Middle School, Burbank Elementary School, Janowski Elementary, KIPP 3D Academy, Houston City College Northline Campus, and the HCC Automotive Tech Training Center
•Proximate to national retailers including Walmart Supercenter, Ross Dress for Less, and Marshalls
•Primary daytime traffic corridor linking to I-45 North
•Population within 1 mile projected to grow 6.2% through 2030
Tenant Highlights
•Panthers Petroleum - highly experienced, Houston-based operator
•Operator has 15 years of experience and has grown to 50 locations throughout all its entities
Signalized Corner, 24-Year Seasoned Location
Minutes from I-45 North and Houston's Urban Core
Bonus Depreciation Eligible
Investment Highlights
•20-year absolute NNN lease to experienced operator
•Zero landlord responsibilities — hands-off investment
•10% increases every 5 years
•24-year seasoned location
•Bonus Depreciation Eligible
Market Highlights
•Signalized corner, direct frontage to ~12,000+ vehicles per day
•Six education campuses within a mile: Burbank Middle School, Burbank Elementary School, Janowski Elementary, KIPP 3D Academy, Houston City College Northline Campus, and the HCC Automotive Tech Training Center
•Proximate to national retailers including Walmart Supercenter, Ross Dress for Less, and Marshalls
•Primary daytime traffic corridor linking to I-45 North
•Population within 1 mile projected to grow 6.2% through 2030
Tenant Highlights
•Panthers Petroleum - highly experienced, Houston-based operator
•Operator has 15 years of experience and has grown to 50 locations throughout all its entities
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,570 SF
Building Class
B
Year Built
2002
Price
$4,600,000
Price Per SF
$1,288.52
Cap Rate
8%
NOI
$368,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.86 AC
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Pappas Bar-B-Q
Property Taxes
| Parcel Number | 1226930010001 | Improvements Assessment | $567,137 |
| Land Assessment | $564,510 | Total Assessment | $1,131,647 |
Property Taxes
Parcel Number
1226930010001
Land Assessment
$564,510
Improvements Assessment
$567,137
Total Assessment
$1,131,647
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Gas Station & C-Store – 20-Year Absolute NNN | 8605 Fulton St
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