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31293495
31293494

303 S Wood Dr, Okmulgee, OK 74447

AJ
3511826
$1,600,000
71 days on market
Updated 71 days ago

Casey's Okmulgee

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,104
Net Rentable (SqFt) 3,288
Pumps 4
Cap Rate 5.94%
NOI $94,978
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 35.5
Lease Expiration 11/29/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options Three (3) Five-Year (5) Options
Price per SqFt $390
Broker Co-Op Yes
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/24/1993
Ground Lease No
Ownership Fee Simple

Retail | 5.94% CAP | 4,104 SqFt

Marketing description

This offering presents the opportunity to acquire a Casey’s General Store (Good Stop) located at 303 S Wood Drive in Okmulgee, Oklahoma. The property is being offered fee simple and is leased on an absolute NNN basis, providing a passive investment with zero landlord responsibilities. The lease is backed by a corporate guarantee from Casey’s General Stores, Inc. (NASDAQ: CASY), a well-established operator with a strong national presence.

The site consists of a 4,104 SF building situated on approximately 0.78 acres and includes a convenience store, 8 fueling positions, and a touchless express car wash. The property has been operating at this location since 1993, demonstrating a long-term, proven operating history.

Strategically located at a signalized hard corner along US Highway 75, the property benefits from strong visibility and consistent traffic counts. The surrounding area includes residential neighborhoods and is located approximately one mile from Oklahoma State University Institute of Technology, further supporting steady customer demand.

The current lease term has approximately 2.5 years remaining, with three 5-year renewal options extending through 2043. Future rent increases include CPI-based adjustments and fixed increases, providing built-in income growth.

This offering presents a stable, income-producing asset backed by a corporate tenant, with long-term upside in a proven location.

Listing Contacts

AJ
3511826

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$94,978.00
$7,914.83/mo

Valuation Metrics

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DSCR
5.94%
Cap Rate
5.94%
ROI

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Additional Information

Name
Brian Brockman
License
177814
Brokerage
Bang Realty
Brokerage Phone
513.898.1551
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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