Monfort Gas Station
2,886 SF | 100% Leased | Retail Building | Apache, OK 73006 | $1,492,400 ($517/SF) | 7% Cap Rate
Asking Price $1,492,400
- Property Type
-
Retail
- Square Feet
- 2,886 SF
- Price / Square Foot
- $517
Listing Contacts
Matt Montagne
Verified Profile
Tyler McGarry
Verified Profile
Adam Scherr
Verified Profile
Max Freedman
Verified Profile
Thomas Gorman
Verified Profile
- Property Info
Property Overview
Sands Investment Group is Pleased to Exclusively Offer For Sale a 2,886 SF Monfort Gas Station Located at 604 OK-19 in Apache, Oklahoma. This Deal Includes a 13 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Long Operating History at the Site & the Tenant Recently Executed a New Lease, Evidencing Their Commitment to the Location Long-Term, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
Property Details
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Service, Grocery/Convenience Store, Storefront
Highlights
- Extremely Strong Tenant: The Lease is Guaranteed By a Division of Monfort Companies, Who Are One of the Only 7-Eleven Franchisees in the Country
- 13 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Features 10% Increases Every 5 Years With 4 x 5 Year Options; the Operator Has More Than 80 Stores Across CO, TX, MN, OK and WI
- 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 SF C-Store on a 0.22-Acre Parcel Containing 6 Parking Spaces & a Drive-Thru
- Located Less Than an Hour From OKC, the Largest City in the State, With a Population of 700,000 People
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