Single-Tenant Fuel Convenience
211 North Rose Avenue Glencoe, OK 74032
211 North Rose Avenue, Glencoe, OK, 74032
Contact for pricing
For Sale
Contact for pricing
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 Market87
Property Features for 211 North Rose Avenue
General Information
- Standard status
- Active
- Size
- 2,742 SF
- Lot size
- 0.64 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agency
Anchor Point Capital
Listed by
Eric Vu · License #01913407
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 7:39AM Checked: Jul 22 at 7:39AM
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
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.6k | $20.28 |
| − Vacancy | −$2.9k | −$1.07 |
| EGI | $52.7k | $19.21 |
| − OpEx | −$13.2k | −$4.80 |
| NOI | $39.5k | $14.40 |
2,742 SF · lease $20.28/SF/yr · vacancy 5.30% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Maveric Mini Marts
Grocery & Convenience Store
LibertyX Bitcoin ATM
Atm
ATM (Maveric Mini ...
Grocery & Convenience Store
Shell
Gas Station
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FAQs
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
