Leased Gas Station
401 S May St Madisonville, TX 77864
401 S May St, Madisonville, TX, 77864
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For Sale
Contact for pricing
NNN-leased gas station with a 20.01-year term and scheduled 2% annual rent increases.
Property Size8,160 SF
Lot Size0.50 Acres
Price / SF$400.33
Days on Market112
Property Features for 401 S May St
General Information
- Standard status
- Active
- Size
- 8,160 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2018
Listing agency
SURMOUNT
(332) 345-4222
Listed by
Anthony DAmbrosia · License #NY 10401294012
Source
Crexi
Added: Apr 2 Updated: Jul 22 at 8:45AM Checked: Jul 22 at 8:45AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Surmount presents an exclusive sale listing for a Panther Petroleum gas station located at 401 S May St in Madisonville, TX. The property includes an approximately 8,160 rentable square foot building situated on an estimated 0.5-acre parcel of land.
The site is leased under a 20.01-year Triple Net (NNN) lease, which commenced 12/19/2025. Current annual rent is $245,000, with scheduled increases of 2.00% annually throughout the lease term.
This is a stabilized NNN investment offering a long-term tenant lease structure with contractual rent escalations.
The site is leased under a 20.01-year Triple Net (NNN) lease, which commenced 12/19/2025. Current annual rent is $245,000, with scheduled increases of 2.00% annually throughout the lease term.
This is a stabilized NNN investment offering a long-term tenant lease structure with contractual rent escalations.
Key Highlights
- Panther Petroleum gas station at 401 S May St, Madisonville, TX 77864
- 8,160 rentable SF building on an estimated 0.5‑acre parcel
- 20.01‑year Triple Net (NNN) lease in place
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - NNN-leased gas station with a 20.01-year term and scheduled 2% annual rent increases.
Where is this gas station located?
The property is located at 401 S May St Madisonville, TX.
What is the asking price?
The asking price for this property is $3,266,667.
What are key features of this property?
This property features: Panther Petroleum gas station at 401 S May St, Madisonville, TX 77864; 8,160 rentable SF building on an estimated 0.5‑acre parcel; 20.01‑year Triple Net (NNN) lease in place
