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6099 Gulfway Dr
Groves, TX 77619 Port Arthur/Groves

$4,400,000 USD

Service Station For Sale  •  3,956 SF

Property Details

  • Property Type Service Station
  • Total Building Size 3,956 SF
  • Lot Size 0.52 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 7.50 %
  • Tenancy Single
0 Transit Score
27 Walk Score

Highlights

Pinnacle Oil & Gas is a familyowned and operated business. Pinnacle operates 70+ locations.
Tenant is responsible for taxes, insurance, maintenance, roof, structure, HVAC, utilities, and all operating expenses.
This site qualifies for attractive depreciation benefits, providing additional value to a stable, longterm net lease investment.
This purpose built 3,956 SF convenience store, selling Chevron Fuel, is historically a revenue driving store and a key component.
~13 years remaining on an original 15-year lease with 10% rental increases every 5 years and 4 x 5 year renewal options, creating durable income.
Close proximity to several major oil refineries, creating a large workforce population and a need for convenience store services.
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
pinnacle oil & Gas 3,956 SF 1/31/2039

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
Matt Sawyer 678-713-4959 Sands Investment Group Atlanta, LLC
Matt Sawyer 678-713-4959 Sands Investment Group Atlanta, LLC