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Mountain Express

10601 N I- 35 Service Rd, Oklahoma City, Oklahoma, USA
$1,309,091 5.50% Cap 2,400 sq ft Representative Photo Print This Page

Location

10601 N I- 35 Service Rd, Oklahoma City, Oklahoma, USA

Price: $1,309,091
Cap Rate: 5.50%
Net Operating Income: $72,000
Square Footage: 2,400

100% Fee Simple InterestAbsolute NNN LeaseAnnual IncreasesStrong and Experienced OperatorZero Landlord Obligations

This is an absolute net leased C-Store offering in Oklahoma City, OK. This Shell branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator. This property is well situated on I-35.

Oklahoma City is home to three of the nation’s largest energy producers, and the energy sector accounts for roughly 3% of total employment and 10% of overall earnings in the region. The metro’s exposure to the energy industry is nearly 10 times higher than the national average, second only to Houston. Late last year, Oklahoma City’s Devon Energy and Tulsa-based WPX announced it would become one company, making it one of the largest oil producers in the United States, worth an estimated $12 billion. WPX is currently developing a 12-story building in downtown Tulsa. The company is committed to completing the project. The combined company will keep the Devon Energy name and be headquartered in Oklahoma City. The increased headcount will have a positive impact on the region’s economy.

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    Jeff Gates Director View profile

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