Listing Summary
Newly leased Phillips 66 gas station for sale in Houston, TX. Features an Absolute NNN structure, 20-year term, $354,382 NOI, and 2% annual rent bumps. Secure a prime, single-tenant commercial real estate investment in a high-traffic metro with income tax-free Texas benefits.
Full Description
Prime Commercial Investment Opportunity: Phillips 66 Gas Station & C-Store in Houston MSA, TX
Anchor Point Capital is pleased to present the exclusive investment opportunity to acquire a single-tenant Phillips 66 gas station and convenience store located in the high-density Houston Metropolitan Statistical Area (MSA). Operating under a brand-new 20-year Absolute NNN lease, this asset delivers a completely passive income stream with zero landlord obligations. Qualified buyers gain fee-simple ownership (land and building) in an income tax-free state, with strong asset fundamentals and potential bonus depreciation benefits (consult your tax professional).
Investment Highlights & Lease Summary
This long-term net lease investment generates a secure Net Operating Income (NOI) of $354,382. The primary 20-year term commenced on April 01, 2025, and extends through March 31, 2045, offering a full 20 years of initial term remaining alongside options that unlock up to 40 years of total potential lease term. The lease structure guarantees compounding financial growth driven by 2.00% annual rent escalations throughout both the primary term and all renewal option periods.
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Lease Structure: Absolute NNN (Zero Landlord Responsibilities)
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Net Operating Income (NOI): $354,382
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Lease Term: 20 Years Primary (up to 40 years including options)
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Commencement Date: April 01, 2025
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Expiration Date: March 31, 2045
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Rent Bumps: 2.0% Annual Escalations (Primary Term & Options)
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Ownership: Fee Simple (Land & Building)
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APN: 1013680000026
Property Features & Real Estate Fundamentals
Built in 1999, this property consists of a spacious 3,473-square-foot convenience store paired with 8 active fueling lanes on a 0.51-acre parcel. Positioned directly on Beechnut Street, the property provides high visibility, direct street access, and continuous customer traffic at a signalized hard corner.
Strategic Houston MSA Location & High-Density Demographic Corridor
Situated at the busy signalized intersection of Beechnut Street and Cook Road, the site captures exceptional exposure to 51,500 vehicles per day. Located within a dense, established residential trade area, the asset serves an expansive surrounding consumer base:
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Massive Population Base: Over 525,659 residents live within a 5-mile radius.
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Strong Income Profile: The 5-mile trade area features a solid Average Household Income of $80,030.
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Tier-1 Metropolitan Area: The Houston MSA is one of the nation's premier economic centers, anchored by energy, global trade, healthcare, and port logistics.
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Tax Advantages: Situated in Texas, offering an income tax-free environment for property investors.
Brokerage Contact Information
To request the full Offering Memorandum or inquire about purchase details, reach out to the listing team at Anchor Point Capital:
Quick Glance
- Listing ID:
CL-Texas-28266
- Status:
Active
- Year Build:
1999
- Building Size:
3,473 SqFt
- Lot Size:
0.51 Acr
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