Single-Tenant Gas
For Sale
Contact for pricing
21 Main Street, Agra, OK 74824
Convenience store property with fueling lanes and an absolute NNN lease structure.
Property Size3,625 SF
Price / SF$218.58
Days on Market173
Property Features for 21 Main Street
General Information
Standard status
Active
Size
3,625 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$58,159
Building Details
Year Built
1978
Tenancy
Single
Listing Agency:
Anchor Point Capital
Listed By:
Eric Vu · License #01913407
Source:
Crexi
Added: Apr 27
Changed: Oct 3
Last Checked: Oct 16 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anchor Point Capital
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-tenant gas station includes a 3,625-square-foot convenience store with four fueling lanes, situated on 0.64 acres with fee simple ownership of the land and building. Constructed in 1978, the property operates under an absolute NNN lease, limiting landlord responsibilities under the stated lease structure.
The primary lease term has 15 years remaining and includes two 5-year renewal options, with 10% rental increases scheduled every 5 years. The lease carries a guaranty from MSM Stores, Inc., an operator with more than 20 years of operating history and over 60 locations. The property is located at 21 Main Street in Agra, within the Oklahoma City MSA, near city hall and a civic and school hub. The source information identifies it as the only fuel station within a 7-mile radius.
The primary lease term has 15 years remaining and includes two 5-year renewal options, with 10% rental increases scheduled every 5 years. The lease carries a guaranty from MSM Stores, Inc., an operator with more than 20 years of operating history and over 60 locations. The property is located at 21 Main Street in Agra, within the Oklahoma City MSA, near city hall and a civic and school hub. The source information identifies it as the only fuel station within a 7-mile radius.
Key Highlights
- 3,625‑square‑foot convenience store with 4 fueling lanes
- 0.64 acres with fee simple land and building ownership
- Absolute NNN lease with 15 years remaining on the primary term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,335
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,700
$1.2M
Cap Rate 7%
$876,214
$876.2K
Cap Rate 9%
$681,500
$681.5K
Market Conditions
NOI Build-Up for 3,625 SF
Gross rent
$87.0K $24.00/SF
− Vacancy
−$5.2K −$1.44/SF
EGI
$81.8K $22.56/SF
− OpEx
−$20.4K −$5.64/SF
NOI
$61.3K $16.92/SF
Area
Lincoln County, OK
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,700
Cap Rate 7%
$876,214
Cap Rate 9%
$681,500
Alternative Uses
Best Use
Specialty Retail
$876.2K
$766.7K – $1.02M
NOI $61,335 @ 7.0% cap · market cap 7.74%
Second Best
Retail
$516.6K
$452.0K – $602.7K
NOI $36,159 @ 7.0% cap · market cap 4.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
4,386 visits/mo
0.2 miles
Dollar General
Shops & Services
3,383 visits/mo
0.5 miles
Demographics for 74824, OK
1,221
Population
532
Households
2.3
Avg Household Size
40
Median Age
12%
College-Educated
90%
High-School Grad
40.5 sq mi
ZIP Area
30
Density / Sq Mi
$62,250
Median Household Income
$36,431
Median Earnings
$879
Median Rent
$162,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Convenience store property with fueling lanes and an absolute NNN lease structure.
Where is this gas station located?
The property is located at 21 Main Street Agra, OK.
What is the asking price?
The asking price for this property is $792,350.
What are key features of this property?
This property features: 3,625‑square‑foot convenience store with 4 fueling lanes; 0.64 acres with fee simple land and building ownership; Absolute NNN lease with 15 years remaining on the primary term
