Sunoco (Panthers Petroleum) - 55+ Unit Operator — Sale in Houston, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Houston, TX 77070
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Investment Figures
- Cap rate
- 7.15%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Panthers Petroleum is a rapidly growing convenience store and fuel retail operator headquartered in Houston, Texas. The company is dedicated to delivering a superior customer experience through modern fuel stations, well-stocked convenience stores, and clean, professionally maintained facilities. Panthers Petroleum’s business model focuses on providing everyday essentials, fuel, beverages, snacks, and convenience retail products in high-traffic markets throughout Texas. As the fifth-most populous metro area in the United States, Houston houses more than 7.4 million people in southeastern Texas. Roughly one-third of residents live in the city of Houston. Investment Highlights: • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Annual Rental Increases • Tenant is a Rapidly Growing Fuel Retail and Convenience Store Operator with Over 55 Locations Throughout Texas • Densely-Populated Trade Area in Northwest Houston with Nearly 300,000 Residents within a Five-Mile Radius • Situated by the Corner of Grant Road and Perry Road, Accessed by ±33,625 Cars per Day • High-Traffic Location Immediately Off Tomball Parkway/TX-249 (±126,580 Cars per Day), a Significant Thoroughfare Providing Direct Access to Downtown Houston • Households Projected to Increase More Than Five in the Immediate Area by 2030 • Average Household Income Exceeds $108,000 within Five Miles • Conveniently Located within a Five-Minute Drive of Lone Star College - University Park Campus, Willowbrook Mall, Corporate Campuses, and Two Regional Hospitals
Market Context
This retail in Houston, TX is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Houston, TX — view the full market.
As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.
Its 7.2% asking cap rate is below the Houston retail market average of about 7.5%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Houston?
- About 7.5% as of Q1 2026, per multiple brokerage reports.
- Is the Houston retail market tightening or softening?
- Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).
Contact
- Chris Lind · (602) 687-6780 · chris.lind@marcusmillichap.com
- Mark Ruble · (602) 687-6766 · mark.ruble@marcusmillichap.com
- Zack House · (602) 687-6650 · zachary.house@marcusmillichap.com
- Omar Chehade · (817) 932-6105 · omar.chehade@marcusmillichap.com
- Tim Speck · (972) 755-5200
- Josh Sciotto · (602) 687-6647 · josh.sciotto@marcusmillichap.com
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