303 S Wood Dr - Service Station FOR SALE


Okmulgee, OK 74447
$1,459,000 USD
972-755-5205
303 S Wood Dr, Okmulgee, OK for Sale
$1,459,000 USD
Service Station - FOR SALE
1/4
null | 6.5% Cap Rate

303 S Wood Dr
Okmulgee, OK 74447


HIGHLIGHTS

  • Absolute Net Lease with 4.3 Years Remaining - Fourth Renewal Option Exercised in Q4 2023
  • Signalized Hard Corner Location on South Wood Drive and 8th Street; Combined Traffic Counts Exceed 29,588 VPD
  • Corporate Guarantee From Casey's General Stores Inc. 2,600 Stores in 16 States
  • Proven Location with 31-Year Operating History as a Gas Station

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Casey's in Okmulgee, OK. The property consists of a 3,288-square-foot, freestanding building that sits on approximately 0.78 acres of land. There are 4.3 years remaining on the lease with variable rental increases in options.

FOR SALE DETAILS

PRICE

$1,459,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casey's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

-

APN/PARCEL ID

1100-00-127-002-0-001-00

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.