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Auto Service - Gas-Conv

Valero Gas Station I Absolute NNN

11507 Farm to Market Rd 1488, Magnolia, TX 77354

Listing Price: $3,050,000

Cap Rate
5.50%
Tenant Name
Valero
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
5,460
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.77

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net leased Valero Gas Station & Donut Shop located in Magnolia, Texas. Built in 1992, this 5,460-square foot building is situated on 1.32 acres of land with great visibility from FM 1488 Frontage. With over 50 locations in the greater Houston area, this strong regional tenant has over 24 years at this location. Both tenants have shown a strong commitment to the site with up to 10 years remaining on the current lease with five year options and 10 percent rent increases remaining. The property is 100 percent occupied with NNN leases, providing investors with a stabilized investment.

Investment Highlights

  • Absolute NNN
  • Strong Regional Tenant
  • Stabilized Gas Station

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Valero Gas Station I Absolute NNN

Listing Price: $3,050,000

Cap Rate
5.50%
Tenant Name
Valero
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
5,460
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.77

Investment Highlights

  • Absolute NNN
  • Strong Regional Tenant
  • Stabilized Gas Station

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net leased Valero Gas Station & Donut Shop located in Magnolia, Texas. Built in 1992, this 5,460-square foot building is situated on 1.32 acres of land with great visibility from FM 1488 Frontage. With over 50 locations in the greater Houston area, this strong regional tenant has over 24 years at this location. Both tenants have shown a strong commitment to the site with up to 10 years remaining on the current lease with five year options and 10 percent rent increases remaining. The property is 100 percent occupied with NNN leases, providing investors with a stabilized investment.

Exclusively Listed By

Financing By

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