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Views: 81 DOM: 208 Updated: 10.17.24 Posted: 05.09.24 Status: Active 09.05.24

Summary

Price $787,000
Built/Renov 1993
Tenant Chisholm Corner
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,281
Lease Start 12-15-2022
#Units 19
Price/SF $345.02
Expiration 12-31-2037
Tenant Type Convenience/Gas
NOI $59,027
R. Term 13.1
Ownership Fee Simple
Rent/SF $25.88
Increases 10.0%/4/yrs
Pop 5Mi 24,204
Lot/AC 0.32
Options 4/5yrs/10%
AHHI 5Mi $72,947

Lease Highlights

  • Chisholm Corner has 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chisholm Corner is strategically located at the hard corner intersection of E Chestnut Avenue and N B Street, with access to a combined daily traffic count of 5,130 vehicles. The property is situated within 2 miles of Duncan High School, which has 881 students, and about 2.5 miles from Duncan Regional Hospital. The immediate area boasts well-known national tenants, including Ace Hardware,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chisholm Corner
  • Guarantor:Corporate
  • Company:7E CO Holdings, LLC
  • # Units:19
  • Stock:Private

About Tenant

Chisholm Corner is a convenience store chain in Southwest Oklahoma and North Texas. The first Chisholm Corner opened in 2000 with the basic principle of providing customers with clean and friendly...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,866 21,134 24,354
2024 Total Population : 6,000 21,171 24,365
2024 Employed Civilian Pop : 2,618 9,498 11,037
2024 Total Businesses : 278 972 1,134
2024 Average Household Income : $ 60,335 $ 73,324 $ 77,224
2024 Total Consumer Spending : $ 129 M $ 572 M $ 690 M
2024 Median Age : 36 41 42
2024 Total Households : 2,382 8,734 9,999
2024 Pop Age 25+: Bachelor's Degree : 303 1,948 2,295
2024 Average Home Value : $ 106,230 $ 159,138 $ 171,658
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Chestnut Avenue N 1st St 2021 3,000 0.09 mi
North C Street E Beech Ave 2021 570 0.10 mi
North C Street Fir Ave 2021 310 0.22 mi
North 2nd Street W Ash Ave 2021 1,700 0.27 mi
Cedar Ave 2021 1,500 0.28 mi
West Chestnut Avenue N 4th St 2021 2,300 0.35 mi
East Chestnut Avenue N I St 2021 1,400 0.37 mi
East Main Street S A St 2021 2,900 0.46 mi
South C Street E Willow Ave 2021 890 0.49 mi
North 5th Street W Cedar Ave 2021 3,400 0.50 mi

Listing Broker

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