Absolute NNN Property with Gas
For Sale
Contact for pricing
38200 Shaver St, Pasadena, TX 77504
Established gas station and convenience store operating under a long-term absolute NNN lease.
Property Size6,300 SF
Price / SF$952.38
Days on Market192
Property Features for 38200 Shaver St
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$465,000
Building Details
Tenancy
Single
Listing Agency:
CrownPoint Partners
Listed By:
Julius Swolsky · License #02074212
Source:
Crexi
Added: Feb 21
Changed: Aug 31
Last Checked: Aug 31 at 10:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CrownPoint Partners
Investment Insights
Based on property information with market context.
This NNN property includes a 6,300-square-foot gas station and convenience store operating at the site for more than 40 years. The asset is subject to a 15-year absolute NNN lease with 2% annual increases, providing a defined lease structure and scheduled rent growth.
The property is located at 38200 Shaver St in Pasadena, Texas. The existing gas station and convenience store format has supported continuous operation for over four decades, while the absolute NNN structure assigns landlord responsibilities under the stated lease terms.
The property is located at 38200 Shaver St in Pasadena, Texas. The existing gas station and convenience store format has supported continuous operation for over four decades, while the absolute NNN structure assigns landlord responsibilities under the stated lease terms.
Key Highlights
- 6,300‑square‑foot gas station and convenience store
- 15‑year absolute NNN lease
- 2% annual lease increases
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 26%
Shops & Services 25%
Apparel 9%
Fiesta Mart
Groceries
39,439 visits/mo
0.5 miles
Whataburger
Dining
22,662 visits/mo
0.4 miles
Starbucks
Dining
20,710 visits/mo
0.4 miles
Lewis Food Town
Groceries
19,367 visits/mo
0.2 miles
Jack in the Box
Dining
16,295 visits/mo
0.4 miles
Demographics for 77504, TX
25,728
Population
10,080
Households
2.6
Avg Household Size
33
Median Age
17%
College-Educated
79%
High-School Grad
5.6 sq mi
ZIP Area
4,594
Density / Sq Mi
$52,784
Median Household Income
$35,789
Median Earnings
$1,196
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Established gas station and convenience store operating under a long-term absolute NNN lease.
Where is this nnn property located?
The property is located at 38200 Shaver St Pasadena, TX.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 6,300‑square‑foot gas station and convenience store; 15‑year absolute NNN lease; 2% annual lease increases
