Star Lube - Grove, OK | 8707 US-59
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Star Lube - Grove, OK 8707 US-59
1,650 SF Retail Building Grove, OK 74344 $875,000 ($530/SF) 6.75% Cap Rate
Investment Highlights
- Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Seasoned Operator With Over 30 Years of Experience Working Within the Automotive Services Industry
- Grove, OK is a Fast Growing Area, With an Average Population Growth Rate of 1.23% Over the Past Decade
- Limited Quick Lube Competition
- Strong Sales Performance at This Location
- Largest City on Grand Lake O' the Cherokees
Executive Summary
Sands Investment Group is Pleased to Present Exclusively For Sale the 1,650 SF Star Lube Located at 8707 US-59 in Grove, OK. This Deal Includes a Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at the Close of Escrow With a Seasoned Operator That Has Over 30 Years of Experience Working Within the Automotive Services Industry, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Oklahoma LLC-Lic #207753 BOR: Tom Gorman Lic. OK #207754
In Cooperation With Sands Investment Group Oklahoma LLC-Lic #207753 BOR: Tom Gorman Lic. OK #207754
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,650 SF
Year Built
2022
Price
$875,000
Price Per SF
$530
Cap Rate
6.75%
NOI
$59,063
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.51 AC
Parking
5 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
133 FT on South 590 Road
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Magic Lube Corporation dba Star Lube
- Retailer
- 1,650 SF
- $35.80
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Magic Lube Corporation dba Star Lube | Retailer | 1,650 SF | $35.80 | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 0037181 | Improvements Assessment | $40,133 |
| Land Assessment | $14,492 | Total Assessment | $54,625 |
PROPERTY TAXES
Parcel Number
0037181
Land Assessment
$14,492
Improvements Assessment
$40,133
Total Assessment
$54,625
Contacts
-
Matt Montagne -
Joseph Freeman -
Tyler Ellinger -
Thomas Gorman -
Sands Investment Group Austin, LLC
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Star Lube - Grove, OK | 8707 US-59
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