Corp Gas Station | Sub-4.5% Rent-to-Sales 719 S Highway 81

719 S Highway 81 , Duncan, Oklahoma, 73533 | 2,337 sq.f | $ 1,493,000

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About This Restaurant

Investment Highlights

Executive Summary

? Corporately guaranteed lease, backed by an ?80-unit division of Monfort Companies with brands such as 7-Eleven, Speedway, BP, Jack?s Convenience Stores, Chisholm Corner, among others? Excellent sales | Tenant operated at a sub-4.5% rent-to-sales ratio in 2023 | Speak with Agent for details ? Long-term investment | Over 13.5 years remaining on the primary lease term? Ideal, passive deal | Absolute NNN lease | Zero Landlord responsibilities? High-yield investment | Average CAP of 7.80% over the remaining base lease term, assuming purchase at List Price? Signalized, hard corner location with excellent access and visibility to Highway 81 & Bois D?Arc Rd | Combined ?21,000 VPD? 10% rental increases every 5 years throughout the initial term and options | Great hedge against inflation? Potential for an investor to take advantage of accelerated depreciation benefits | Speak with you tax advisor to confirm? Walking distance to Stephens County Fair Grounds? Less than 1.5 miles from Duncan High School (881 students) & Duncan Municipal Airport? Less than 2.5 miles from: ? A Walmart Supercenter-anchored shopping center | Other tenants include Ross, Hibbett Sports, McDonald?s, Dollar Tree, Shoe Dept, Verizon, HTeaO, among others ? Elk Plaza | An Ace Hardware-anchored shopping center ? Duncan Regional Hospital | 128-bed, short term, acute-care hospital

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Service Station Service Station General Retail Convenience Store General Retail Fast Food General Retail Freestanding Service Station
  • Building Size    2,337
  • Year Built    1970
  • Price    1,493,000
  • Price Per SF    639
  • Cap Rate    7
  • NOI    104,511
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.59 AC

Property Taxes

Parcel Number 1999-06-01S-07W-4-013-00 Improvements Assessment $6,748
Land Assessment $132,842 Total Assessment $139,590
Date Created: 2024-07-16 04:18:08 Last Updated: 2024-07-16 04:18:08
Address: 719 S Highway 81 , Duncan, Oklahoma, 73533