Single-Tenant Fuel Convenience
For Sale
Contact for pricing
211 North Rose Avenue, Glencoe, OK 74032
Absolute NNN convenience store with four fueling lanes and a lease backed by MSM Stores, Inc.
Property Size2,742 SF
Lot Size0.64 Acres
Price / SF$440.99
Days on Market178
Property Features for 211 North Rose Avenue
General Information
Standard status
Active
Size
2,742 SF
Lot size
0.64 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$88,757
Building Details
Year Built
1978
Stories
10
Units
2
Tenancy
Single
Listing Agency:
Anchor Point Capital
Listed By:
Eric Vu · License #01913407
Source:
Crexi
Added: Apr 28
Changed: Oct 13
Last Checked: Oct 20 at 8:56PM
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
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Investment Insights
Based on property information with market context.
This single-tenant, absolute NNN fuel and convenience store investment includes a fee simple land and building ownership. The property is configured with a 3,625-square-foot convenience store and four fueling lanes. The offering is described as “zero landlord responsibilities,” supported by a lease structure with a strong lease guaranty from MSM Stores, Inc., which the remarks note has more than 20 years of operating history and 60+ locations.
According to the lease terms provided, there are 15 years remaining on the primary term with two additional five-year renewal options. Rental increases are noted as 10% every five years. The property is located in the Oklahoma City MSA at 211 North Rose Avenue, Glencoe, OK 74032, described as a main street site near city hall and positioned at a civic and school hub.
The remarks also state the location is the only fuel station within a 7-mile radius, reflecting demand for fuel from a majority of residents commuting for work.
According to the lease terms provided, there are 15 years remaining on the primary term with two additional five-year renewal options. Rental increases are noted as 10% every five years. The property is located in the Oklahoma City MSA at 211 North Rose Avenue, Glencoe, OK 74032, described as a main street site near city hall and positioned at a civic and school hub.
The remarks also state the location is the only fuel station within a 7-mile radius, reflecting demand for fuel from a majority of residents commuting for work.
Key Highlights
- Absolute NNN convenience store with 4 fueling lanes on 0.64 acres (fee simple land and building ownership)
- 3,625 SF convenience store with an existing lease to MSM Stores, Inc.
- Absolute NNN lease with 15 years remaining on the primary term plus two 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,495
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,900
$789.9K
Cap Rate 7%
$564,214
$564.2K
Cap Rate 9%
$438,833
$438.8K
Market Conditions
NOI Build-Up for 2,742 SF
Gross rent
$55.6K $20.28/SF
− Vacancy
−$2.9K −$1.07/SF
EGI
$52.7K $19.21/SF
− OpEx
−$13.2K −$4.80/SF
NOI
$39.5K $14.40/SF
Area
Payne County, OK
Vacancy
5.30%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,900
Cap Rate 7%
$564,214
Cap Rate 9%
$438,833
Alternative Uses
Best Use
Specialty Retail
$564.2K
$493.7K – $658.3K
NOI $39,495 @ 7.0% cap · market cap 3.27%
Second Best
Industrial
$551.5K
$482.6K – $643.5K
NOI $38,607 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$674.3K
$590.0K – $786.7K
NOI $47,200 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
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Business Placement
Demographics for 74032, OK
2,298
Population
935
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
84%
High-School Grad
109.5 sq mi
ZIP Area
21
Density / Sq Mi
$61,250
Median Household Income
$35,897
Median Earnings
$773
Median Rent
$132,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Absolute NNN convenience store with four fueling lanes and a lease backed by MSM Stores, Inc.
Where is this gas station located?
The property is located at 211 North Rose Avenue Glencoe, OK.
What is the asking price?
The asking price for this property is $1,209,200.
What are key features of this property?
This property features: Absolute NNN convenience store with 4 fueling lanes on 0.64 acres (fee simple land and building ownership); 3,625 SF convenience store with an existing lease to MSM Stores, Inc.; Absolute NNN lease with 15 years remaining on the primary term plus two 5‑year renewal options
