Chisholm Corner, Duncan, Oklahoma

8703 State Highway 7 no-imageVIEW MAP

Property Information

Price: $6,750,142

Cap Rate: 7.0%
NOI: $472,510
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 7,536 Square Feet
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
  • Recession & Internet Resistant Use – C-Stores Generate “Daily Needs” Business and Have a Stable Consumer Base
  • Intrinsic Value Asset with Accelerated Depreciation Capability – Large Format 7,536 Square Feet C-Store on a Massive 23.33-Acre Parcel Containing 57+ Parking Spaces, More Than 25 Gas Pumps & a Long Drive-Thru Bay, Providing Chisholm Corner with the Ability to Effectively Handle Extremely High Customer Volume
  • Densely Populated, Infill Location with Strong Demographics – Over 13,300 People in a 5-Mile Radius with Average Household Income Exceeding $98,500 within a 3-Mile Radius
  • High Traffic Location – Over 9,500 Vehicles Per Day on State Highway 7 & More Than 15,700 Vehicles Per Day on US-81
  • Over 1.5 Million Square Feet of Industrial & Office Space and 2.5 Million Square Feet of Restaurant & Retail within a 7-Mile Radius of the Property
  • High Daytime Population of More Than 500 Businesses & 5,200 Employees with a 5-Mile Radius of the Property
  • Less Than 1-Mile from the Chisholm Trail Casino That Has Seen More Than 312,000 Visitors Over the Prior Calendar Year, Bringing Daily Needs Customers Near the Property
  • Approximately 5.9 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 9.1 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
  • More Than 640 Apartment Units & 11 Hotels with a Combined 556 Rooms Located within a 7-Mile Radius of the Property