Chisholm Corner, Alex, Oklahoma

601 W. State Highway 19 no-imageVIEW MAP

Property Information

Price: $2,249,557

Cap Rate: 7.0%
NOI: $157,469
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 3,214 Square Feet
Year Built: 1985
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 – 3,214 Square Feet C-Store on a 0.36-Acre Parcel Containing 17 Parking Spaces, Providing Chisholm Corner with the Ability to Effectively Handle High Customer Volume
  • Over 1,000 People within a 5-Mile Radius with Average Household Income Nearing $63,000 Annually
  • More Than 4,500 Vehicle Per Day on Oklahoma State Highway 19 with an Additional 1,871 Vehicles Per Day on Nearby Main Street
  • Less Than 1-Mile from Alex Elementary, Alex Junior High & Alex High School with a Combined 376 Students Enrolled