Chisholm Corner

1 East H Avenue, Cache, OK 73527

$2,314,500

Cap Rate 6.76%

$2,504,000

Cap Rate 6.25%

Views: 51 DOM: 88 Updated: 03.30.23 Posted: 01.25.23 Status: Sold 04.24.23

Summary

Price $2,314,500 $2,504,000	Built/Renov 2003	Tenant Chisholm Corner
Cap Rate 6.76% 6.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 4,000	Lease Start 06-01-2023	#Units 19
Price/SF $578.63 $626.00	Expiration 05-31-2038	Tenant Type Convenience/Gas
NOI $156,500	R. Term 13.5	Ownership Fee Simple
Rent/SF $39.13	Increases 7.5%/5/yrs	Pop 5Mi 15,138
Lot/AC 0.75	Options 4/5yrs/7.5%	AHHI 5Mi $92,534

Jordan Shtulman

STREAM Capital Partners

Contact

Lease Highlights

Chisholm Corner has been operating at this location since 2003
Chisholm Corner has committed to signing a brand-new 15-year upon sale with 4 (5-year) options to extend
Lease will feature 7.5% rental increases every 5 years throughout initial term
Absolute NNN lease zero landlord responsibilities
Asset qualifies for super bonus depreciation tax status
Corporate guarantee by 7E CO Holdings, LLC

Location Description

Chisholm Corner is strategically located at the hard corner intersection of East H Ave (Cache Road), Buffalo Drive and 1st street which sees over 2,200 vehicles per day. Nearby national tenants include Subway, Sonic, Dollar General, FedEx and more. The subject property is also across the street from Cache Intermediate and Mid-High School with nearly 1,000 students enrolled, further increasing...

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Key Features

In location for years
University college close
Top 100 MSA
Affluent suburb location
Long operation history
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

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Links

Chisholm Corner Wikipedia Cache, Oklahoma Zip Code 73501 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chisholm Corner
Guarantor:Corp Traded
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
2028 Total Population :	2,841	3,771	5,732
2023 Total Population :	2,874	3,785	5,739
2023 Employed Civilian Pop :	1,257	1,768	2,788
2023 Total Businesses :	63	73	95
2023 Average Household Income :	$ 72,318	$ 85,465	$ 100,791
2023 Total Consumer Spending :	$ 68 M	$ 104 M	$ 181 M
2023 Median Age :	36	37	39
2023 Total Households :	1,090	1,419	2,097
2023 Pop Age 25+: Bachelor's Degree :	337	462	702
2023 Average Home Value :	$ 182,394	$ 200,683	$ 230,191

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East H Avenue	Buffalo Dr	2019	2,200	0.09 mi
County Highway 115	W Gore Blvd	2019	1,500	0.72 mi
North 8th Street	Pecan Ave	2019	2,900	0.75 mi
	NW Sandstone Ave	2019	8,000	1.03 mi
US Hwy 62	Turkey Creek	2016	8,200	1.10 mi
	Hwy 62	2018	5,900	1.44 mi
		2019	5,800	1.49 mi
Airport Road	Cache Rd	2019	330	1.60 mi
	Turkey Creek	2019	1,400	1.74 mi
H Avenue		2019	1,400	1.99 mi

Listing Broker

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