CitGo (Panthers Petroleum) 55+ Unit Operator — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Houston, TX 77045

Photos

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Investment Figures

Cap rate
7.20%

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 Houston Trade Area with Nearly 280,000 Residents within Five Miles • Households Projected to Increase Approximately 6 Percent in the Surrounding Area by 2030 • Positioned Along Almeda Road, a Major North-South Thoroughfare Providing a Direct Route into Downtown Houston • Signalized Hard Corner Location, Easily Accessible by ±39,000 Cars per Day • Close Proximity to Major Houston Employment Centers, Including the Texas Medical Center, Downtown Houston, and Surrounding Industrial and Business Districts • Five Miles South of NRG Park, a 350-Acre Entertainment Complex Welcoming 5.5 Million Visitors Annually

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).

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