Listed by Sands Investment Group, Sands Investment Group Philadelphia
$2,099,587
Chisholm Corner Gas Station - Alex, OK
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,214
Cap Rate 7.5%
NOI $157,469
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2042
Remaining Term 16.6
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $653
Year Built 1985
Acreage 0.360
Investment Type Net Lease
Lease Commencement 12/15/2022
Ground Lease No
Hard-Corner Gas Station | 7.50% CAP | Experienced Operator | 17 Years Remaining
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 3,214 SF Chisholm Corner Gas Station located at 601 OK-19 in Alex, OK. This investment is secured by a ~17-year Absolute Triple Net (NNN) Lease, offering zero landlord responsibilities and a truly passive ownership structure. The property benefits from a long operating history at the site, and the tenant’s recent execution of a new lease underscores their long-term commitment to the location, making this a compelling and stable investment opportunity.
Investment highlights
- ~17-Year Absolute Triple Net (NNN) Lease: Structured with zero landlord responsibilities, offering passive and predictable income for ownership.
- Experienced Operator: Operated by Diamond Jubilee Oil, LLC under a master lease assigned in February 2026.
- Two-Tier Guaranty Structure: Backed by City Mart Energy LLC, an experienced regional fuel wholesaler, in addition to a personal guaranty from the owner of Diamond Jubilee Oil, LLC.
- Long Operating History & Renewed Commitment: The tenant has successfully operated at this location for years and recently executed a new lease, demonstrating long-term commitment to the site.
- Recession-Resistant Essential Service Use: Gas stations and convenience stores are e-commerce resistant and recession resilient, providing essential goods and services that maintain consistent demand through economic cycles, making this an attractive defensive investment.
- Hard-Corner Location With Complementary Co-Tenant Traffic: The site is anchored by a Subway franchise on the parcel, driving incremental food and fuel cross-shopping traffic and creating a multi-revenue retail node within a stable rural Oklahoma trade area.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,469.00
$13,122.42/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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