Listed by Tri-Oak Consulting Group
$570,000
7-Eleven - Oklahoma City, OK
Details
Property Type Retail
Sub Type Gas Station
Square Footage 4,000
Cap Rate 5.18%
NOI $29,518
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, QuikTrip
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 12/30/2029
Remaining Term 3.6
Lease Options One, 5-Year Options
Price per SqFt $143
Year Built 2004
Acreage 0.450
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/28/2004
Ground Lease No
7-Eleven | Retail | 5.18% CAP | 4,000 SqFt
Investment highlights
- Absolute NNN (Fee Simple) - No Landlord Responsibilities
- Corporate Guaranty - lease backed by investment-grade tenant (S&P: A)
- High Traffic Location - subject property is located in a dense are experiencing nearly 25,000 VPD
- High Population Counts - Population exceeds 225,000 in a 5-mile radius
- Attractive CPI-Based Increase Structure - Increase structure directly tied to CPI providing an inflation hedge for investors
- Only One Renewal Remaining - Subject property has a RPSF below market value providing potential upside to investors once the final renewal has expired
- Below Construction Cost - Subject property is being offered at a price point lower than what it would cost to build a 5,000 SF building today
Listing Contacts
Listed by Tri-Oak Consulting Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$29,518.00
$2,459.83/mo
Valuation Metrics
0
DSCR
5.18%
Cap Rate
5.18%
ROI
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