Listed by Anchor Point Capital
$1,209,200
Absolute NNN Shell Gas Station | Still Water MSA, OK
Details
APN 600004128
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,742
Units 2
NOI $88,757
Tenancy Single
Brand/Tenant Shell
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2040
Remaining Term 15
Year Built 1978
Stories 10
Acreage 0.740
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/01/2020
Ground Lease No
Sale Condition N/A
10% Rental Increases Every 5 Years | 20 Years of Operating History
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 with 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 over 60 Locations
- 3,625 Square Feet Convenience Store with 4 Fueling Lanes on 0.64 Acres
- Fee Simple Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax Professional for Tax Benefits)
Outstanding Location in Oklahoma City MSA
- Main Street location nearby city hall
- The Only Fuel Station within a 7-mile Radius
- Situated at the Civic and School hub location
- High demand for fuel; Majority of residents commute for work
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 with 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 over 60 Locations
- 3,625 Square Feet Convenience Store with 4 Fueling Lanes on 0.64 Acres
- Fee Simple Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax Professional for Tax Benefits)
Outstanding Location in Oklahoma City MSA
- Main Street location nearby city hall
- The Only Fuel Station within a 7-mile Radius
- Situated at the Civic and School hub location
- High demand for fuel; Majority of residents commute for work
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,757.00
$7,396.42/mo
Valuation Metrics
0
DSCR
7.34%
Cap Rate
7.34%
ROI
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