Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
$5,450,000
7-Eleven - Oklahoma City, OK
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,650
Cap Rate 5.25%
NOI $286,357
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2037
Remaining Term 11.5
Rent Bumps Yes
Price per SqFt $1,172
Year Built 2022
Acreage 2.650
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/01/2022
Ground Lease No
Retail | 5.25% CAP | 4,650 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant 7-Eleven at 1105 N MacArthur Blvd in Oklahoma City, Oklahoma (“Property” or “Asset”). The Property is operating on an absolute NNN lease with ±11.5 years of primary lease term remaining, 7.5% rent escalations every 5 years and three, five-year option.
Investment highlights
- Long-term absolute NNN lease with ±11.5 years of primary term remaining
- Eligible for bonus depreciation with recent 2022 construction
- Signalized intersection, hard corner with visibility to 31,000+ vehciles per day
- Investment grade tenancy ('A') from world's largest convenience store chain
- Nearby Westgate Marketplace, the #2 most visited shopping center in OK
- OKC is a rapidly growing MSA with 2M+ residents by 2040
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$286,357.00
$23,863.08/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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