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Virtual Drive-By

Valero Absolute NNN

3510 Burke Rd · Pasadena, TX 77504-2302 · Convenience / Fuel

Asking price
$5,448,276
Cap rate
7.25%
NOI
$395,000

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining
Expiration04/2045
Rent bumps2.0% Annually
Options4 - 5Yr Options @ 2% Annually
Ground leaseNo
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,600
Price / SF$2,251
Year built1982
Lot size0.71 ac
TypeConvenience Store, Gas Station, Storefront
Days on market87

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

For More Information, Contact

Chandler Dignam cdignam@anchorpointcapital.com

Jacob Sparks jsparks@anchorpointcapital.com

Excellent Single Tenant Investment Opportunity

  • ​New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
  • ​Strong Lease Guaranty; Contact broker for details
  • ​Fee Simple; Land and Building Ownership
  • ​Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
  • ​2% Annual Rent Increases in Primary Term and Option Periods
  • ​2,600 Square-Foot Convenience Store with 8 Fueling Lanes
  • ​Excellent Visibility and Access on Burke Road

Outstanding Location in Houston, MSA

  • ​26,900 Cars Per Day at the Signalized Hard Corner Intersection Location of Burke Road and Vista Road
  • ​Over 311,000 People and $81,371 Average Household Income within a 5-Mile Radius
  • ​Convenient Neighborhood Location Along Burke Road Near Daily‑Needs Retail and Services Including; 24‑Hour Walgreens, Kroger’s, Bealls, Petco, HCA Houston Healthcare, and St. Luke’s Health Medical Center
  • ​Located Within the Houston MSA and the Southeast Industrial / Petrochemical Corridor, Benefiting from Daily Traffic Generated by Refinery, Port, and Service‑Sector Employment

Property overview

For More Information, Contact

Chandler Dignam cdignam@anchorpointcapital.​com

Jacob Sparks jsparks@anchorpointcapital.​com

Excellent Single Tenant Investment Opportunity

  • ​New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
  • ​Strong Lease Guaranty; Contact broker for details
  • ​Fee Simple; Land and Building Ownership
  • ​Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
  • ​2% Annual Rent Increases in Primary Term and Option Periods
  • ​2,600 Square-Foot Convenience Store with 8 Fueling Lanes
  • ​Excellent Visibility and Access on Burke Road

Outstanding Location in Houston, MSA

  • ​26,900 Cars Per Day at the Signalized Hard Corner Intersection Location of Burke Road and Vista Road
  • ​Over 311,000 People and $81,371 Average Household Income within a 5-Mile Radius
  • ​Convenient Neighborhood Location Along Burke Road Near Daily‑Needs Retail and Services Including; 24‑Hour Walgreens, Kroger’s, Bealls, Petco, HCA Houston Healthcare, and St.​ Luke’s Health Medical Center
  • ​Located Within the Houston MSA and the Southeast Industrial / Petrochemical Corridor, Benefiting from Daily Traffic Generated by Refinery, Port, and Service‑Sector Employment

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.