Convenience Store with Fuel
For Sale
Contact for pricing
224 E CHERRY ST, Cushing, OK 74023
Single-tenant absolute NNN convenience store with four fueling lanes and a lease guaranty, including 15 years remaining.
Property Size855 SF
Lot Size0.48 Acres
Price / SF$1,288
Days on Market134
Property Features for 224 E CHERRY ST
General Information
Standard status
Active
Size
855 SF
Lot size
0.48 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$80,850
Building Details
Year Built
1979
Stories
10
Units
1
Tenancy
Single
Listing Agency:
Anchor Point Capital
Listed By:
Eric Vu · License #01913407
Source:
Crexi
Added: Apr 27
Changed: Aug 24
Last Checked: Sep 5 at 9:41PM
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 convenience store investment features a convenience store with four fueling lanes. The property is structured as an absolute NNN lease, with zero landlord responsibilities. The lease has 15 years remaining on the primary term, along with two additional 5-year renewal options. Rental increases are scheduled at 10% every 5 years, and the lease is supported by a strong lease guaranty from MSM Stores, Inc., with over 20 years of operating history and 60+ locations.
The convenience store totals 855 square feet, and the site includes 0.48 acres of fee simple land and building ownership. The asset is described as qualifying for bonus depreciation (consult your CPA for tax benefits).
The property is located in the Still Water MSA, with Cushing, OK identified as a major energy hub within the broader West Texas Intermediate crude oil delivery and pricing framework, supporting an energy-sector presence and a regional employment base.
The convenience store totals 855 square feet, and the site includes 0.48 acres of fee simple land and building ownership. The asset is described as qualifying for bonus depreciation (consult your CPA for tax benefits).
The property is located in the Still Water MSA, with Cushing, OK identified as a major energy hub within the broader West Texas Intermediate crude oil delivery and pricing framework, supporting an energy-sector presence and a regional employment base.
Key Highlights
- Single‑tenant convenience store with 4 fueling lanes on 0.48 acres (fee simple land and building).
- Absolute NNN lease with zero landlord responsibilities.
- 15 years remaining on the primary lease term, plus two 5‑year renewal options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 74023, OK
12,117
Population
5,474
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
88%
High-School Grad
173.1 sq mi
ZIP Area
70
Density / Sq Mi
$48,859
Median Household Income
$34,202
Median Earnings
$759
Median Rent
$134,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Single-tenant absolute NNN convenience store with four fueling lanes and a lease guaranty, including 15 years remaining.
Where is this gas station located?
The property is located at 224 E CHERRY ST Cushing, OK.
What is the asking price?
The asking price for this property is $1,101,499.
What are key features of this property?
This property features: Single‑tenant convenience store with 4 fueling lanes on 0.48 acres (fee simple land and building).; Absolute NNN lease with zero landlord responsibilities.; 15 years remaining on the primary lease term, plus two 5‑year renewal options.
