Chisholm Corner, Apache, Oklahoma

604 OK-19 no-imageVIEW MAP

Property Information

Price: $1,492,400

Cap Rate: 7.0%
NOI: $104,468
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 2,886 Square Feet
Year Built: 1999
Status: Available
Lead Broker Information:

Randy Bell


Property Description

Investment Highlights

  • Brand New 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
  • 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Lease is Guaranteed by Montfort Companies Parent Entity – Montfort is the Largest 7-Eleven Franchisee and is a Growing C-Store Operator – They Have Built a Strong Presence in Oklahoma as well as Colorado, Texas, Wyoming, Kansas & Minnesota
  • Long Operating History at the Site & the Tenant Recently Executed a New Lease, Evidencing Their Commitment to the Location Long-Term
  • Intrinsic Value Asset with Accelerated Depreciation Capability – 2,886 Square Feet C-Store on a 0.22-Acre Parcel Containing 6 Parking Spaces & a Drive-Thru, Providing Chisholm Corner with the Ability to Effectively Handle High Customer Volume
  • Over 2,400 People in a 5-Mile Radius with Average Household Income Exceeding $63,000 Annually within a 3-Mile Radius
  • More Than 2,400 Vehicles Per Day on Oklahoma State Highway 19 & an Additional 1,899 Vehicles Per Day on Nearby State Highway 62
  • Strategically Positioned Across the Street from Apache High School with More Than 160 Students Currently Enrolled