Chisholm Corner, Duncan, Oklahoma

211 E. Chesnut Ave no-imageVIEW MAP

Property Information

Price: $843,242

Cap Rate: 7.0%
NOI: $59,027
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 2,281 Square Feet
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670

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
  • Recession & Internet Resistant Use – C-Stores Generate “Daily Needs” Business and Have a Stable Consumer Base
  • Intrinsic Value Asset with Accelerated Depreciation Capability – 2,281 Square Feet C-Store on a 0.32-Acre Parcel Containing 13 Parking Spaces, Providing Chisholm Corner with the Ability to Effectively Handle High Customer Volume
  • Densely Populated, Infill Location with Strong Demographics – Over 25,200 People in a 5-Mile Radius with Average Household Income Nearing $62,000 Annually
  • Nearly 3,000 Vehicles Per Day on E. Chestnut Ave, Over 3,900 Vehicles Per Day on N. 5th Street & an Additional 19,361 on Nearby US-81
  • Over 3.5 Million Square Feet of Industrial & Office Space and 2.4 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 960 Businesses & 10,250 Employees
  • Approximately 1.4 Miles from Halliburton’s Duncan Manufacturing Center – The 705,000+ Square Foot Facility Sits On More Than 160-Acres & Employs Over 1,000 People, Generating Jobs & Growth Opportunities for Duncan & the Surrounding Areas
  • Approximately 2.9 Miles from the 110 Bed Duncan Regional Hospital with Over $415.4 Million in Total Patient Revenue in 2021 and a Staff of More Than 267 Physicians & 2,700 Additional Healthcare Professionals
  • Approximately 3-Miles from a Walmart Supercenter Department Store That Has Seen More Than 2.47 Million Visitors Over the Prior Calendar Year
  • Located in the Duncan School District, Which Has 10 Public Primary & Grade Schools That Have More Than 3,750 Combined Students & Faculty
  • More Than 780 Apartment Units & 13 Hotels with a Combined 604 Rooms Located within a 5-Mile Radius of the Property