6099 Gulfway Dr - Service Station FOR SALE
Groves, TX 77619 |
$4,400,000 USD
404-459-6264
6099 Gulfway Dr
Groves, TX 77619
HIGHLIGHTS
- Close Proximity to Major Oil Refineries Such as Chevron, Valero and Exxon, Creating a Large Population of Blue-Collar Workers
- 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 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, Operated With Close to 20 Years of Experience With Over 46 Locations Across Three States, $108M+ in Annual Gross Income
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,956 SF Fuel Point - 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.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$4,400,000 USD
PRICE/SF
$1,112 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fuel Point - Chevron - Groves, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
9
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,651 SF
ZONING
None
APN/PARCEL ID
031950-000-002800-00000-0
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