719 Us-81Duncan, OK 73533

Property Details for 719 Us-81

Year built

1970

Lot size

0.59 AC

Property size (Sq ft)

2,337 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Duncan

County

Stephens

State

Oklahoma

Latitude

34.493

Longitude

-97.9695

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