1200 Lee StFort Gibson, OK 74434

For Sale
$1,712,500
High-cap rate, net-lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 7,225-square-foot O'Reilly Auto Parts store in Fort Gibson, Oklahoma. Built in 2023, this single-story building sits on a 1.09-acre lot at 1200 S Lee St, less than a quarter-mile from US Highway 62, providing excellent highway access and visibility. The property boasts a 15-year net lease (NN+) with a credit-rated, corporate-guaranteed tenant, O'Reilly Auto Parts, offering significant financial stability. The lease commenced March 1, 2023, and includes five, five-year options, with built-in rent bumps of 6% in year 11 and each option period. The current lease term has 13.5 years remaining. The property generates a strong net operating income (NOI) of $107,887, resulting in a compelling 6.30% cap rate. O'Reilly Auto Parts is the sole auto parts retailer in Fort Gibson, serving a population of over 49,000 within a 10-mile radius, with an average household income of $60,000. The property benefits from strong retail synergy, neighboring a Harp's Food Store and other established businesses like McDonald's, Sonic, and Philips 66. This is a rare opportunity to acquire a high-performing, recession-resistant asset backed by a financially robust, investment-grade tenant. The property's location and tenant strength make it an ideal addition to any diversified investment portfolio.

Highlights

  • Brand new, 7,225 square-foot O'Reilly Auto Parts store built in 2023.
  • 15-year net lease (NN+) with five, five-year options; 6% rent increases at year 11 and each option period. 13.5 years remaining on current lease term.
  • Sole O'Reilly Auto Parts location in Fort Gibson, OK.
  • Less than a quarter-mile from US Highway 62, providing excellent visibility and access.
  • Strong retail synergy; neighbors Harp's Food Store, McDonald's, Sonic, and Philips 66.
  • Serves a population of over 49,000 within a 10-mile radius, with an average household income of $60,000.

Property Details for 1200 Lee St

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,225 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Fort Gibson
County
Muskogee
State
Oklahoma
Latitude
35.7868704
Longitude
-95.2425945
1200 Lee St, Fort Gibson, Oklahoma

FAQs

What type of property is this?
Retail property - High-cap rate, net-lease investment.
Where is the retail property located?
The property is located at 1200 Lee St Fort Gibson, OK.
What is the asking price?
The asking price for this property is $1,712,500.
What are key features of this property?
This property features: Brand new, 7,225 square-foot O'Reilly Auto Parts store built in 2023.; 15-year net lease (NN+) with five, five-year options; 6% rent increases at year 11 and each option period. 13.5 years remaining on current lease term.; Sole O'Reilly Auto Parts location in Fort Gibson, OK.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1200 Lee St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message