719 Us-81Duncan, OK 73533

For Sale
$1,393,000
High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 2,337 square foot gas station and convenience store located at 719 US-81, Duncan, OK 73533. The property sits on a 0.59-acre lot with 9 parking spaces and boasts a prime, signalized corner location with excellent visibility to Highway 81 and Bois D'Arc Rd, experiencing combined traffic of approximately 21,000 vehicles per day. Currently operating under a corporate-guaranteed Absolute NNN lease with a credit-rated tenant (7-Eleven, Circle K, Valero, Shell, 76 Gas, Exxon Mobile, or Arco Gas Station), the lease commenced December 15, 2022, and has a remaining term of 13.1 years, expiring December 31, 2037. The lease includes four, 5-year renewal options with a 10% rent increase every 5 years, providing a hedge against inflation. The property features a 7.50% cap rate and a Net Operating Income (NOI) of $104,511, with an asking price of $1,393,000. Built in 1970, this single-unit property offers a passive investment opportunity with zero landlord responsibilities. The tenant operates at a sub-4.5% rent-to-sales ratio, indicating strong sales performance. The property's proximity to Duncan High School, Duncan Municipal Airport, a Walmart Supercenter-anchored shopping center, an Ace Hardware-anchored shopping center, and Duncan Regional Hospital further enhances its value and potential for long-term growth. This is an ideal investment for those seeking a stable, high-yield, and low-maintenance asset with significant upside potential.

Highlights

  • Corporate guaranteed lease by a ±80-unit division of Monfort Companies, operating brands including 7-Eleven, Speedway, BP, and Jack's Convenience Stores.
  • Excellent sales; tenant achieved a sub-4.5% rent-to-sales ratio in 2023.
  • Long-term investment; over 13 years remaining on the primary lease.
  • Absolute NNN lease; zero landlord responsibilities.
  • High-yield investment; average cap rate of 8.36% over the remaining base lease term (at list price).
  • High-visibility corner location on Highway 81 & Bois D'arc Rd, with combined ±21,000 vehicles per day.

Property Details for 719 Us-81

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,337 SF
Year Built
1970
Buildings
1
Lot Size (sq. ft)
25,700 SF
Units
1

Location Insight

City
Duncan
County
Stephens
State
Oklahoma
Latitude
34.4930099
Longitude
-97.9695247
719 Us-81, Duncan, Oklahoma

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 719 Us-81 Duncan, OK.
What is the asking price?
The asking price for this property is $1,393,000.
What are key features of this property?
This property features: Corporate guaranteed lease by a ±80-unit division of Monfort Companies, operating brands including 7-Eleven, Speedway, BP, and Jack's Convenience Stores.; Excellent sales; tenant achieved a sub-4.5% rent-to-sales ratio in 2023.; Long-term investment; over 13 years remaining on the primary lease.
How can I contact the broker?
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719 Us-81
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