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Get In TouchPinnacle Oil – Chevron | Groves, TX
Pinnacle Oil & Gas Holdings Inc
6099 Gulfway Dr, Groves, TX 77619, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,956 SF Pinnacle Oil – Chevron Located at 6099 Gulfway Drive in Groves, TX. This Deal Includes Investment-grade Tenant With Strong Brand Recognition With a Proven Track Record of Performance in the Fuel and Convenience Retail Sector, Providing For a Secured Investment
- Close Proximity to Major Oil Refineries Such as Chevron, Valero and Exxon, Creating a Large Population of Blue-Collar Workers and a Constant Need For Convenience Store Services
- The Area Has Seen Steady Economic Activity For Over a Century, Ever Since the Discovery of Oil in the “Golden Triangle” Region
- Strategically Located Along Gulfway Drive, a Major Thoroughfare in Groves, TX; High Daily Traffic Counts and Excellent Visibility Enhance Customer Access
- Investment-grade Tenant With Strong Brand Recognition With a Proven Track Record of Performance in the Fuel and Convenience Retail Sector
- Located in the Extreme Southeast Area of Texas Near the Gulf Coast Along the Texas/Louisiana Border; It is 1.5 Hours East of Houston
- Pinnacle Oil is Family Owned and Operated With Close to 20 Years of Experience With Over 46 Locations Across Three States and $108M+ in Annual Gross Income
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
Pinnacle Oil & Gas Holdings Inc
6099 Gulfway Dr, Groves, TX 77619, USA
PINNACLE OIL & GAS
Pinnacle Oil is a leading full-service oil and gas company specializing in exploration, production, and distribution. With a strong foundation in the energy sector, Pinnacle Oil provides high-quality petroleum products and services to customers across the United States. The company focuses on operational excellence and environmental responsibility, ensuring the safe and efficient extraction and distribution of energy resources.Pinnacle Oil’s core services include the development of oil and gas reserves, transportation and distribution of energy products, as well as offering expertise in the technical aspects of drilling and production. Their commitment to sustainability and innovation drives the company to implement best practices in every aspect of their operations.They are a robust and growing entity within the energy sector, with a focus on long-term operational success. The company is expected to be a reliable tenant, with a commitment to maintaining strong operational continuity and compliance with environmental standards. They prioritize sustainability, making them a responsible and forward-thinking partner in the oil and gas industry.
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Price
$4,400,000
Cap Rate
7.50%
PREMISES
3,956 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
12/28/2038
Lease Type
NNN
RENTAL INCREASES
10% Every 5 Years From Commencement
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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