Description

JLL is pleased to exclusively offer for sale the Pinnacle Oil & Gas Sale-Leaseback 4-Pack, which comprises four convenience store and gas locations totaling 13,146 SF across the Houston, TX MSA (the “Properties” or “Portfolio”). The Properties are 100% occupied by Pinnacle Oil & Gas Holdings, Inc. (“Pinnacle” or “Tenant”), a rapidly expanding convenience and gas (“C&G”) operator with 102+ locations across the Southern United States.

The Tenant will commit to 20-year initial lease terms with Absolute NNN lease structures, creating an attractive passive income opportunity backed by long-term lease commitment from a scaled operator providing a parent guaranty, 2.0% annual rent increases, and four (4) x 5-year renewal options. The proposed initial rent of $1,495,691 is covered 2.63x by combined property-level EBITDAR. Strategically concentrated across the Houston MSA, the Properties benefit from strong visibility along major roadways and placement within under-served residential communities. Average daily traffic counts exceed 22,500 vehicles per day per store.

Pinnacle is a rapidly growing retail fuel and convenience store operator headquartered in Sugar Land, Texas. Since its 2023 incorporation, the Company has expanded from 32 locations to more than 102 stores through disciplined acquisition-driven growth and operational execution.

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Attributes

Building area net

1,221 m²

Occupancy

100%

Land area gross

1 ha

WAULT

20 years

Pinnacle Oil & Gas 4-Pack SLB - Houston, TX (4 Properties)

Media

Investment Highlights

Long-Term Absolute NNN Leases with Annual Rent Growth: The Properties will be leased under 20-year absolute triple-net leases with 2.0% annual rental escalations and four 5-year renewal options, creating a passive long-term income stream with no landlord maintenance obligations.
Experienced and Rapidly Expanding Convenience & Fuel Operator: Pinnacle Oil & Gas Holdings, Inc. has rapidly expanded its operating footprint from 32 locations in 2024 to more than 102 stores today through strategic acquisitions and operational execution across the Southern United States.
Strong Rent Coverage Across the Properties: The total proposed initial rent is supported by 2.63x combined property-level EBITDAR-to-rent coverage, demonstrating strong operating performance across the assets.
Strategically Located Houston MSA Convenience & Fuel 4-Pack: The Properties total 13,146 square feet across high-traffic Houston-area locations with average traffic counts exceeding 22,500 vehicles per day per store, supporting long-term operational performance.
Strong Corporate Guaranty Backed by Scaled Operations: The leases will be guaranteed by Pinnacle Oil & Gas Holdings, Inc., a growing regional operator with more than 102 locations and conservative leverage metrics supporting long-term tenancy.
Dense and Underserved Residential Trade Areas: The Properties are positioned within infill Houston MSA communities and along major transportation corridors, benefiting from strong surrounding demographics and strategic placement within underserved residential markets.