Convenience Store with Fuel
224 E CHERRY ST Cushing, OK 74023
For Sale
Contact for pricing
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 Market89
Property Features for 224 E CHERRY ST
General Information
- Standard status
- Active
- Size
- 855 SF
- Lot size
- 0.48 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing Agency:
Anchor Point Capital
Listed By:
Eric Vu · License #01913407
Source:
Crexi
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 23 at 4:35PM
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
Location Intelligence
Current Use by Public Records
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FAQs
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.
