Corp Gas Station | Sub-4.5% Rent-to-Sales | 719 S Highway 81
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Corp Gas Station | Sub-4.5% Rent-to-Sales 719 S Highway 81
2,337 SF Retail Building Duncan, OK 73533 $2,116,283 CAD ($906 CAD/SF) 7% Cap Rate
Executive Summary
• Corporately guaranteed lease, backed by an ±80-unit division of Monfort Companies with brands such as 7-Eleven, Speedway, BP, Jack’s Convenience Stores, Chisholm Corner, among others
• Excellent sales | Tenant operated at a sub-4.5% rent-to-sales ratio in 2023 | Speak with Agent for details
• Long-term investment | Over 13.5 years remaining on the primary lease term
• Ideal, passive deal | Absolute NNN lease | Zero Landlord responsibilities
• High-yield investment | Average CAP of 7.80% over the remaining base lease term, assuming purchase at List Price
• Signalized, hard corner location with excellent access and visibility to Highway 81 & Bois D’Arc Rd | Combined ±21,000 VPD
• 10% rental increases every 5 years throughout the initial term and options | Great hedge against inflation
• Potential for an investor to take advantage of accelerated depreciation benefits | Speak with you tax advisor to confirm
• Walking distance to Stephens County Fair Grounds
• Less than 1.5 miles from Duncan High School (881 students) & Duncan Municipal Airport
• Less than 2.5 miles from:
– A Walmart Supercenter-anchored shopping center | Other tenants include Ross, Hibbett Sports, McDonald’s, Dollar Tree, Shoe Dept, Verizon, HTeaO, among others
– Elk Plaza | An Ace Hardware-anchored shopping center
– Duncan Regional Hospital | 128-bed, short term, acute-care hospital
• Excellent sales | Tenant operated at a sub-4.5% rent-to-sales ratio in 2023 | Speak with Agent for details
• Long-term investment | Over 13.5 years remaining on the primary lease term
• Ideal, passive deal | Absolute NNN lease | Zero Landlord responsibilities
• High-yield investment | Average CAP of 7.80% over the remaining base lease term, assuming purchase at List Price
• Signalized, hard corner location with excellent access and visibility to Highway 81 & Bois D’Arc Rd | Combined ±21,000 VPD
• 10% rental increases every 5 years throughout the initial term and options | Great hedge against inflation
• Potential for an investor to take advantage of accelerated depreciation benefits | Speak with you tax advisor to confirm
• Walking distance to Stephens County Fair Grounds
• Less than 1.5 miles from Duncan High School (881 students) & Duncan Municipal Airport
• Less than 2.5 miles from:
– A Walmart Supercenter-anchored shopping center | Other tenants include Ross, Hibbett Sports, McDonald’s, Dollar Tree, Shoe Dept, Verizon, HTeaO, among others
– Elk Plaza | An Ace Hardware-anchored shopping center
– Duncan Regional Hospital | 128-bed, short term, acute-care hospital
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,337 SF
Year Built
1970
Price
$2,116,283 CAD
Price Per SF
$906 CAD
Cap Rate
7%
NOI
$148,141 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.59 AC
Parking
9 Spaces (3.85 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1999-06-01S-07W-4-013-00 | Improvements Assessment | $186,829 CAD |
| Land Assessment | $9,490 CAD | Total Assessment | $196,319 CAD |
PROPERTY TAXES
Parcel Number
1999-06-01S-07W-4-013-00
Land Assessment
$9,490 CAD
Improvements Assessment
$186,829 CAD
Total Assessment
$196,319 CAD
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Corp Gas Station | Sub-4.5% Rent-to-Sales | 719 S Highway 81
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