Listed by Anchor Point Capital
$1,101,499
Absolute NNN Shell Gas Station | Still Water MSA, OK
Details
APN 600002711
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 855
Net Rentable (SqFt) 855
Units 1
Cap Rate 7.34%
NOI $80,850
Occupancy 100%
Tenancy Single
Brand/Tenant Shell
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 2 - 5 Yr
Year Built 1979
Stories 10
Acreage 0.480
Investment Type Net Lease
Lease Commencement 08/01/2020
Ground Lease No
Sale Condition N/A
15 Years Remaining on Primary Term | 10% Rental Increases Every 5 Years
Marketing description
For More Information, Contact
Ned Skinner [email protected]
Jacob Sparks [email protected]
Excellent Single Tenant Investment Opportunity
- Absolute NNN Lease; Zero Landlord Responsibilities
- 15 Years Remaining on Primary Term; Two 5-Year Renewal Options
- 10% Rental Increases Every 5 Years
- Strong Lease Guaranty; MSM Stores, Inc. with Over 20 years of Operating History and 60+ Locations
- 855 Square Feet Convenience Store with 4 Fueling Lanes on 0.48 Acres
- Fee Simple Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult Your CPA for Tax Benefits)
Outstanding Location in Still Water MSA
- Cushing, OK is the “Pipeline Crossroads of the World”; the Primary Physical Delivery and Pricing hub for West Texas Intermediate crude oil in the U.S
- Major crude oil hub with ~90 million barrels of storage capacity in surrounding tank farms, supporting a large, stable energy‐sector presence
- Strong employment base in energy, agribusiness, and manufacturing, supported by a regional workforce of ~180,000 within a 30‑mile radius
- $5.6B “next‑generation” refinery announced for Cushing, projected to create jobs and generate an estimated Over $13B in economic benefits in its first decade
Investment highlights
For More Information, Contact
Ned Skinner [email protected]
Jacob Sparks [email protected]
Excellent Single Tenant Investment Opportunity
- Absolute NNN Lease; Zero Landlord Responsibilities
- 15 Years Remaining on Primary Term; Two 5-Year Renewal Options
- 10% Rental Increases Every 5 Years
- Strong Lease Guaranty; MSM Stores, Inc. with Over 20 years of Operating History and 60+ Locations
- 855 Square Feet Convenience Store with 4 Fueling Lanes on 0.48 Acres
- Fee Simple Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult Your CPA for Tax Benefits)
Outstanding Location in Still Water MSA
- Cushing, OK is the “Pipeline Crossroads of the World”; the Primary Physical Delivery and Pricing hub for West Texas Intermediate crude oil in the U.S
- Major crude oil hub with ~90 million barrels of storage capacity in surrounding tank farms, supporting a large, stable energy‐sector presence
- Strong employment base in energy, agribusiness, and manufacturing, supported by a regional workforce of ~180,000 within a 30‑mile radius
- $5.6B “next‑generation” refinery announced for Cushing, projected to create jobs and generate an estimated Over $13B in economic benefits in its first decade
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,850.00
$6,737.50/mo
Valuation Metrics
0
DSCR
7.34%
Cap Rate
7.34%
ROI
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