Phillips 66 Gas Station

524 Pasadena Blvd, Pasadena Texas, 77506

Listing ID: CL-Texas-27666 Commercial Gas Station Convenience Stores and Gas Station
Published on: Thursday, May 7, 2026 | Updated on: Thursday, May 7, 2026

Listing Summary

Anchor Point Capital is proud to present a premier retail investment opportunity: a Pinnacle Oil & Gas facility located in the heart of Pasadena, Texas.

Full Description

Exclusive Investment Opportunity: Pinnacle Oil & Gas Net Lease Property

This high-performing asset offers a rare combination of long-term security, passive income, and inflation-protected growth, making it an ideal cornerstone for any diversified real estate portfolio.


Investment Summary

Strategically situated on an estimated 0.54-acre parcel, this 4,935-square-foot facility operates under a Fee Simple ownership structure. The property is currently 100% occupied by Pinnacle Oil & Gas under a brand-new, 20-year Absolute Triple Net (NNN) Lease. With a corporate guarantee and nearly two decades of remaining primary term, this asset represents a "hands-off" investment in a recession-resistant industry.

Key Property Specifications

  • Price per SqFt: $1,246

  • Cap Rate: 8.00%

  • Net Operating Income (NOI): $491,979

  • Square Footage: 4,935

  • Year Built: 2017

  • Lot Size: 0.54 Acres


Lease & Financial Highlights

This investment is structured to provide maximum security and consistent cash flow. The lease commenced on July 29, 2025, and extends through July 28, 2045, offering 19.2 years of remaining firm term.

  • Lease Type: Absolute NNN (Zero Landlord Responsibilities)

  • Annual Rent Increases: 2.00% Fixed Annual Escalations

  • Renewal Options: Four (4), 5-Year Options

  • Guaranty: Corporate Guarantee

  • Occupancy: 100%


Investment Grade Highlights

1. Absolute NNN Lease Structure

The property is subject to an Absolute Triple Net (NNN) lease, the gold standard for passive investors. The tenant is responsible for all operating expenses, including taxes, insurance, and maintenance (roof, structure, and parking lot). This ensures the landlord receives a predictable, "mailbox money" income stream with zero management oversight.

2. Strategic Rental Growth & Inflation Hedge

Unlike many net lease assets with flat rent or infrequent bumps, this lease features 2% annual rental increases. These escalations continue through the base term and into all four 5-year option periods, significantly boosting the yield over the hold period and providing a powerful hedge against inflation.

3. Prime Location & High-Volume Traffic

Located at 524 Pasadena Boulevard, the site benefits from exceptional visibility on a primary commercial artery. With traffic counts exceeding 20,900 vehicles per day (VPD), the property serves as a vital fueling and convenience hub for local residents and commuters. The site offers seamless connectivity to major regional thoroughfares, including SH-225 and Beltway 8.

4. Established Retail Synergy

The property is nestled within a dense retail corridor anchored by national powerhouses. The proximity to high-traffic drivers like Walmart, McDonald’s, Walgreens, and AutoZone ensures a steady flow of consumer activity. This synergy reinforces the long-term viability of the site and its status as a dominant neighborhood destination.

5. Modern Construction & Fee Simple Interest

Built in 2017, the building is a modern, well-maintained facility that meets the latest industry standards for fuel and convenience retail. As a Fee Simple offering, the investor owns both the building and the land, providing additional long-term value and potential tax benefits through depreciation.


Location Overview: Pasadena, Texas

Pasadena is a key component of the Greater Houston metropolitan area, known for its robust industrial base and growing residential population. The property’s location on Pasadena Boulevard places it in a high-demand submarket characterized by strong demographics and a stable economic environment, ensuring the continued success of the Pinnacle Oil & Gas brand at this site.

Quick Glance

  • Listing ID: CL-Texas-27666
  • Status: Active
  • Year Build: 2017
  • Building Size: 4,728 SqFt
  • Lot Size: 1.90 Acre

Additional Links

Property Documents

No documents available.

Complete Details

  • Year Build: 2017
  • Building Size: 4,728 SqFt
  • No of Stories: 1
  • Total Lot Area: 1.90 Acre
  • No of Total Units: 1
  • Heating and Cooling: Not Specified
  • Building Class: Class B

Pricing Details

Additional Features

Highlights
  • - 20 Year Absolute NNN Lease; Zero Landlord Responsibilities
  • - 2% Annual Rental Increases
  • - Dense Infill Location; 252,000 Residents within 5 Miles

Listing Location

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