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Views: 170 DOM: 256 Updated: 10.17.24 Posted: 04.10.24 Status: Active

Summary

Price $1,971,000
Built/Renov 1980
Tenant Chisholm Corner
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,484
Lease Start 12-15-2022
#Units 79
Price/SF $1,328.17
Expiration 12-31-2037
Tenant Type Convenience/Gas
NOI $147,796
R. Term 13.0
Ownership Fee Simple
Rent/SF $99.59
Increases 10.0%/4/yrs
Pop 5Mi 24,347
Lot/AC 1.56
Options 4/5yrs/10%
AHHI 5Mi $73,997

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 on Plato Road, with access to 5,600 vehicles passing by daily. The property is conveniently located 1.5 miles away from a Walmart Supercenter-anchored shopping center, which features other well-known national tenants including Ross, Hibbett Sports, McDonald’s, Dollar Tree, Shoe Dept, and Verizon. Additionally, Elk Plaza, an Ace Hardware-anchored...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,272 19,858 24,229
2023 Total Population : 2,317 20,019 24,347
2023 Employed Civilian Pop : 1,107 8,813 10,545
2023 Total Businesses : 85 965 1,169
2023 Average Household Income : $ 107,010 $ 74,435 $ 73,997
2023 Total Consumer Spending : $ 85 M $ 537 M $ 648 M
2023 Median Age : 50 42 42
2023 Total Households : 938 8,250 9,975
2023 Pop Age 25+: Bachelor's Degree : 375 1,917 2,350
2023 Average Home Value : $ 233,664 $ 162,948 $ 166,262
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Plato Road N 6th St 2018 3,500 0.05 mi
Sunset Dr 2021 4,000 0.23 mi
North 5th Street PkDr 2021 2,700 0.39 mi
East Plato Road W Plato Rd 2021 1,800 0.57 mi
North 5th Street W Camelback Rd 2021 1,900 0.57 mi
Country Club Road Northgate Ave 2021 1,900 0.61 mi
Country Club Road Northridge Dr 2021 3,800 0.75 mi
West Elk Avenue N 7th St 2021 2,300 0.99 mi
W Plato Rd 2018 20,600 0.99 mi
West Camelback Road Clear Springs Dr 2021 1,300 1.04 mi

Listing Broker

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