Cap Rate: 6.50%
Net Operating Income: $112,000
Square Footage: 3,009
The subject property is a 3,009 square foot Kum & Go located in Sand Springs, Oklahoma, a suburb of Tulsa. The well located site was recently extended an additional five years and sees 7.5% increases every 5 years. This is an absolute NNN lease with zero landlord responsibilities. The tenant has a long operating history at this location and shows commitment to the site. This Kum &Go is ideally positioned and sees over 16,000 combined vehicles per day, surrounding major retailers include: Sonic, IHOP, McDonald’s and many more.
Sand Springs is a city in Osage and Tulsa counties in the U.S. state of Oklahoma. A western suburb of Tulsa, it is located predominantly in Tulsa County. The population was 18,906 in the 2010 U. S. Census, an increase of 8.3 percent from 17,451 at the 2000 census. he one-way driving distance between Sand Springs and Tulsa (downtown to downtown) is about 7 miles. The economy of Sand Springs is largely focused on promoting small businesses. It has a very active chamber of commerce.