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Views: 149 DOM: 218 Updated: 09.19.24 Posted: 04.10.24 Status: Contract 10.17.24

Summary

Price $1,493,000
Built/Renov 1970
Tenant Chisholm Corner
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,337
Lease Start 12-15-2022
#Units 79
Price/SF $638.85
Expiration 12-31-2037
Tenant Type Convenience/Gas
NOI $104,511
R. Term 13.1
Ownership Fee Simple
Rent/SF $44.72
Increases 10.0%/4/yrs
Pop 5Mi 24,486
Lot/AC 0.59
Options 4/5yrs/10%
AHHI 5Mi $72,207

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 escalations 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 signalized, hard corner intersection of Highway 81 and Bois D'Arc Road, with access to a combined daily traffic count of 21,000 vehicles. The property boasts proximity to various amenities, including the Stephens County Fair Grounds within walking distance. Furthermore, it is less than 1.5 miles from Duncan High School, and the Duncan Municipal...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chisholm Corner
  • Guarantor:Corporate
  • Company:7E CO Holdings, LLC
  • # Units:79
  • 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Bois D Arcade Avenue Hwy 81 2021 3,200 0.08 mi
W Bois D Arc Ave 2021 1,900 0.15 mi
State Hwy 7 2021 260 0.16 mi
W Elm Ave 2021 12,600 0.17 mi
OK 7 S 14th St 2021 4,300 0.21 mi
W Park Ave 2021 2,600 0.22 mi
W Park Ave 2021 240 0.26 mi
S 12th St Hwy 7 2003 10,700 0.31 mi
Sikes Ranch Rd 2021 7,900 0.43 mi
S 11th St 2021 8,500 0.43 mi

Listing Broker

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