facebook
Traded Co logo
Submit

Mike Panjwani Sells StarStop Convenience Store In Porter Represented By Sai Thakor Of CBRE

Property Image
SOLD

Texas

See Similar Deals
Retail27,007 SF
Sold 09/23/2025
the dealplayerscompscontact
Property Image
SOLD

Mike Panjwani Sells StarStop Convenience Store In Porter Represented By Sai Thakor Of CBRE

23780 Loop 494

See Similar Deals
Retail27,007 SF
Sold 09/23/2025
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Retail
Total Square Footage:27,007 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 23780 Loop 494 in Porter, Texas. The facility encompasses a total area of 27,007 square feet. The seller of the property is Mike Panjwani.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 23780 Loop 494
  • Market: Porter
  • Seller: Mike Panjwani
  • Broker: Sai Thakor - CBRE

This successful transaction was completed by CBRE’s National Gas Stations & Travel Centers team on behalf of the seller. The buyer is a growing operator modernizing its presence in the Texas market.

Players

Sai Thakor
CBRE
Sai Thakor
25 deals$80.6M volume(832) 689-5400
BROKER
CBRE
CBRE
BROKERAGE

Details

SOLD
IMAGE: Sai Thakor DATE: 09/23/2025 ADDRESS: 23780 Loop 494 MARKET: Porter ASSET TYPE: Retail ~ SF: 27,007 SELLER: Mike Panjwani BROKER: Sai Thakor (@SaiThakor) - CBRE (@CBRE) NOTE FROM BROKER: CBRE’s National Gas Stations & Travel Centers team is pleased to announce the successful sale of the StarStop Convenience Store in Porter, Texas. This transaction was completed on behalf of our client and acquired by a growing operator expanding their footprint in the Texas market. If you are considering selling, our team would be happy to provide a complimentary evaluation and connect your property with our extensive network of active buyers.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98