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26776561
27413717

719 US-81, Duncan, OK 73533

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group
$1,393,480
123 days on market
Updated 52 days ago

Chisholm Corner

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,337
Cap Rate 7.5%
NOI $104,511
Occupancy 100%
Tenancy Single
Brand/Tenant Chisholm Corner
Lease Type Absolute NNN
Lease Expiration 12/31/2037
Remaining Term 11.5
Rent Bumps Yes
Lease Options Four 5-year
Year Built 1970
Acreage 0.590
Investment Type Net Lease

7.50% Cap Rate | Bonus Depreciation | NNN

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Chisholm Corner located in Duncan, Oklahoma. The tenant recently signed a 13-year lease through December 2037 demonstrating commitment to the site. The lease is absolute triple net and features no landlord responsibilities. There are 10% rental escalations throughout the primary term and four 5-year renewal options. The next increase is scheduled to occur in January 2028. The lease features a corporate guaranty from 7E CO Holdings, a subsidiary of Monfort Companies that operates 78 c-stores. As a fuel station asset, the property is eligible for 100% bonus depreciation.

The 2,337 square-foot building is located along US Highway 81 which experiences more than 18,500 vehicles per day and is a primary corridor through Duncan. The property operates 24/7 and benefits from the immediate proximity State Highway 7 (10,000 VPD). The property is within driving distance of several local traffic drivers including NAPA Auto Parts, Duncan High School (1,000 students), DRH Health Hospital (110 beds), Stephens County Fairgrounds, Duncan Municipal Airport, a Family Dollar Distribution Center, and the Halliburton Manufacturing Center. There are more than 33,000 people living within ten miles of the property. Those of which earn an average household income in excess of $84,000.

Chisholm Corner is a regional convenience store chain that began in 2000 with its first location along the historic Chisholm Trail in Duncan, Oklahoma. The company has grown to operate 19 stores across Southwest Oklahoma and North Central Texas, offering high-quality fuels, a variety of snacks, deli options, full fountain bars, and drive-thru services at most locations. Committed to providing clean, welcoming facilities and friendly customer service, Chisholm Corner emphasizes convenience and community engagement. In December 2022, the chain was acquired by 7E CO Holdings LLC, a division of Monfort Companies, expanding their portfolio to 78 stores while retaining the Chisholm Corner brand.

Investment highlights

  • Qualifies for 100% bonus depreciation – Consult with your tax advisor
  • NNN – No landlord responsibilities
  • Long-term lease through December 2037
  • 24-hour location
  • 10% rental escalations throughout the primary term and options (Next: 2028)
  • Signalized hard corner location along US Highway 81 (18,500 VPD)
  • Immediate access to State Highway 7 (10,000 VPD)
  • Over 33,000 people live within a ten-mile radius
  • Average household income within ten miles exceeds $84,000
  • Limited fuel competition along State Highway 7
  • Nearby traffic draws include NAPA Auto Parts, Duncan High School (1,000 students), DRH Health Hospital (110 beds), Stephens County Fairgrounds, Duncan Municipal Airport, a Family Dollar Distribution Center, & the Halliburton Manufacturing Center

Listing Contacts

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,511.00
$8,709.25/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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