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958 OK-3
Lane, OK 74555

Shop N Hop | Lane, OK · Retail Property For Sale

Investment Highlights

  • 19 Years Remaining on a Triple Net Lease (NNN) With No Landlord Responsibilities
  • Fuel Branding Was Updated to Sunoco With New Canopies, Updated Fuel Dispensers, Installed New Street Signage and Redesigned the Store Layout Including
  • Strategic Location For the Experienced Operators Taking Advantage of the Low Competition, Increasing the Margins in Their Business
  • Tenant Funded Facility Upgrades of Approximately $125,000 to Improve the Location and Increase Store Sales, as Required Per the Lease
  • Attractive 10% Rental Increases Every 5 Years
  • Rent Set at an Extremely Healthy Coverage Ratio of 3x

PROPERTY FACTS

Property Type
Retail
Property Subtype
Service Station
Building Size
2,220 SF
Building Class
C
Year Built
1978
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
5.43 AC
Zoning
C1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0000-12-03S-12E-3-006-00
Land Assessment
$9,774
Improvements Assessment
$55,004
Total Assessment
$64,778
  • Listing ID: 23459016

  • Date on Market: 6/18/2021

  • Last Updated:

  • Address: 958 OK-3, Lane, OK 74555

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