Listing Summary
Single-tenant Phillips 66 gas station for sale in Deer Park, TX (Houston MSA). Features a brand-new 20-year Absolute NNN lease, $192,354 NOI, 2% annual rent bumps, and fee-simple ownership. Secure a hands-off, passive income investment near top national retailers and local schools.
Full Description
Prime Commercial Real Estate Opportunity: Phillips 66 Gas Station & C-Store in Deer Park, TX (Houston MSA)
Anchor Point Capital is pleased to present the exclusive investment opportunity to acquire a single-tenant Phillips 66 gas station and convenience store in Deer Park, Texas—a high-growth submarket within the greater Houston Metropolitan Statistical Area. Operating under a brand-new 20-year Absolute NNN lease, this offering provides investors with a completely passive income stream featuring zero landlord responsibilities. Backed by a strong lease guaranty, this fee-simple asset (land and building ownership) delivers predictable cash flow and qualifies for bonus depreciation benefits (investors should consult with a tax professional).
Investment Summary & Financial Profile
This premier retail property generates a secure Net Operating Income (NOI) of $192,354. The initial 20-year lease term commenced on September 27, 2024, and extends through September 26, 2044, offering a full 20 years of initial term remaining alongside renewal options that unlock up to 40 years of total potential lease term. The lease structure builds steady equity growth driven by 2.00% annual rent escalations throughout both the primary term and all option periods.
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Lease Structure: Absolute NNN (Zero Landlord Responsibilities)
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Net Operating Income (NOI): $192,354
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Lease Term: 20 Years Primary (Up to 40 Years with Options)
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Commencement Date: September 27, 2024
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Expiration Date: September 26, 2044
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Rent Escalations: 2.0% Annual Increases (Primary Term & Options)
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Ownership Type: Fee Simple (Land & Building)
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APN: 0462250000006
Property Specifications & Key Features
Built in 1994, this 3,502-square-foot convenience store sits on a 0.52-acre lot positioned along a primary retail thoroughfare. Equipped with 8 active fueling lanes, the site offers exceptional street visibility and multiple points of ingress and egress for customer convenience.
Strategic Location & Robust Deer Park Demographic Drivers
Situated directly on Center Street, the main retail corridor in Deer Park, the property sees strong frontage exposure to 24,100 vehicles per day. Located in a dense residential bedroom community, the site sits in close proximity to major local anchors and national brands:
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Surrounding Retailers: Flanked by high-performing national drivers including Dutch Bros Coffee, Starbucks, Walgreens, Taco Bell, Bealls, Food Town, Firehouse Subs, Sonic Drive-In, and Planet Fitness.
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School Proximity: Flanked by over 5,000 students from nearby institutions including Deer Park High School, JP Dabbs Elementary, and Deer Park Elementary.
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Strong Local Demographics: Serves an established trade area with a population of 186,915 and an impressive $99,588 Average Household Income within a 1-mile radius.
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Greater Houston MSA Advantages: Positioned in Deer Park, a core energy hub tied directly to the industrial powerhouse of the Houston metropolitan region in the income tax-free state of Texas.
Investment Sales Contacts
To request a full Offering Memorandum or discuss purchase details, contact the Anchor Point Capital listing team:
Quick Glance
- Listing ID:
CL-Texas-28267
- Status:
Active
- Year Build:
1994
- Building Size:
3,502 SqFt
- Lot Size:
0.52 Acr
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