Leased Gas Station
For Sale
Contact for pricing
401 S May St, Madisonville, TX 77864
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 Market157
Property Features for 401 S May St
General Information
Standard status
Active
Size
8,160 SF
Lot size
0.50 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$245,000
Building Details
Year Built
2018
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Apr 2
Changed: Aug 28
Last Checked: Sep 1 at 9:43PM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Home Improvements & Furnishings 20%
Shell
Shops & Services
4,304 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,845 visits/mo
0.4 miles
Ace Hardware Of Madisonville
Home Improvements & Furnishings
3,007 visits/mo
0.4 miles
Valero Energy
Shops & Services
2,258 visits/mo
0.5 miles
Carquest Auto Parts
Shops & Services
1,756 visits/mo
0.4 miles
Demographics for 77864, TX
7,243
Population
3,361
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
79%
High-School Grad
178.8 sq mi
ZIP Area
41
Density / Sq Mi
$63,719
Median Household Income
$33,269
Median Earnings
$765
Median Rent
$131,800
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?
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
