loader
Join Free
Views: 169 DOM: 255 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 13.0
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...

...

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...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity