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Casey's 303 S Wood Dr

3,288 SF Retail Building Okmulgee, OK 74447 $1,459,000 ($444/SF) 6.50% Cap Rate

Retail Space Oklahoma Okmulgee 303 S Wood Dr, Okmulgee, OK 74447

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,288 SF
Building Class
C
Year Built
1993
Price
$1,459,000
Price Per SF
$444
Cap Rate
6.50%
NOI
$94,798
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.78 AC

Links

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Nearby Major Retailers

Sam's Southern Eatery
Ymca
Warehouse Market
Rent-A-Center
Mazzio's

PROPERTY TAXES

Parcel Number 1100-00-127-002-0-001-00 Improvements Assessment $2,923
Land Assessment $5,261 Total Assessment $8,184

PROPERTY TAXES

Parcel Number
1100-00-127-002-0-001-00
Land Assessment
$5,261
Improvements Assessment
$2,923
Total Assessment
$8,184
(972) 755-5205

Contacts

  • Listing ID: 33042890

  • Date on Market: 9/3/2024

  • Last Updated:

  • Address: 303 S Wood Dr, Okmulgee, OK 74447

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Casey's | 303 S Wood Dr
(972) 755-5205 x

Casey's | 303 S Wood Dr

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Vincent Knipp

(972) 755-5205

(972) 755-5205

Jake Stammen

(972) 755-5209

(972) 755-5209

Salim Bhaidani

(817) 932-6136

(817) 932-6136

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