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Views: 27 DOM: 53 Updated: 03.30.23 Posted: 01.25.23 Status: Sold 03.20.23

Summary

Price $4,550,000 $4,480,000
Built/Renov 2021
Tenant Chisholm Corner
Cap Rate 5.91% 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,000
Lease Start 06-01-2023
#Units 19
Price/SF $1,137.50 $1,120.00
Expiration 05-31-2038
Tenant Type Convenience/Gas
NOI $268,800
R. Term 13.5
Ownership Fee Simple
Rent/SF $67.20
Increases 7.5%/5/yrs
Pop 5Mi 17,822
Lot/AC 1.25
Options 4/5yrs/7.5%
AHHI 5Mi $72,653

Lease Highlights

  • Newly constructed in 2021
  • Chisholm Corner has committed to signing a brand-new 15-year lease 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 signalized, hard corner intersection of Plato Road and Highway 81 which sees over 24,500 vehicles per day. Located within a dense retail corridor, nearby national tenants include Walmart Supercenter, Tractor Supply Co., Dollar General, Wendy’s, Sonic, Arby’s, McDonalds, CVS, Walgreens and many more. The subject property is also surrounded by 4...

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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
2028 Total Population : 4,850 20,200 24,417
2023 Total Population : 4,803 20,320 24,540
2023 Employed Civilian Pop : 2,207 8,946 10,628
2023 Total Businesses : 249 974 1,170
2023 Average Household Income : $ 98,997 $ 74,558 $ 74,216
2023 Total Consumer Spending : $ 180 M $ 549 M $ 655 M
2023 Median Age : 50 42 42
2023 Total Households : 2,120 8,413 10,054
2023 Pop Age 25+: Bachelor's Degree : 686 2,011 2,389
2023 Average Home Value : $ 205,240 $ 163,943 $ 167,781
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Plato Rd 2018 20,600 0.09 mi
West Plato Road 2019 4,100 0.30 mi
Plato Road Stagestand Rd 2018 4,100 0.38 mi
2019 22,700 0.57 mi
Country Club Road Northgate Ave 2019 2,000 0.57 mi
West Plato Road 2019 3,500 0.70 mi
Country Club Road Northridge Dr 2019 4,200 0.75 mi
Plato Road N 29th St 2019 2,500 0.82 mi
Aspen Ave 2018 23,000 0.87 mi
West Plato Road N 6th St 2018 3,500 0.90 mi

Listing Broker

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