719 Us-81 Duncan, OK 73533
- Retail properties
- 2,337 SF
- 0.59 lot acres
Current Use by Public Records
- Retail properties
Property Details for 719 Us-81
- Year built
- 1970
- Lot size
- 0.59 lot acres
- Property size
- 2,337 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 2,337 square foot gas station and convenience store located at 719 US-81, Duncan, OK 73533. The property sits on a 0.59-acre lot with 9 parking spaces and boasts a prime, signalized corner location with excellent visibility to Highway 81 and Bois D'Arc Rd, experiencing combined traffic of approximately 21,000 vehicles per day. Currently operating under a corporate-guaranteed Absolute NNN lease with a credit-rated tenant (7-Eleven, Circle K, Valero, Shell, 76 Gas, Exxon Mobile, or Arco Gas Station), the lease commenced December 15, 2022, and has a remaining term of 13.1 years, expiring December 31, 2037. The lease includes four, 5-year renewal options with a 10% rent increase every 5 years, providing a hedge against inflation. The property features a 7.50% cap rate and a Net Operating Income (NOI) of $104,511, with an asking price of $1,393,000. Built in 1970, this single-unit property offers a passive investment opportunity with zero landlord responsibilities. The tenant operates at a sub-4.5% rent-to-sales ratio, indicating strong sales performance. The property's proximity to Duncan High School, Duncan Municipal Airport, a Walmart Supercenter-anchored shopping center, an Ace Hardware-anchored shopping center, and Duncan Regional Hospital further enhances its value and potential for long-term growth. This is an ideal investment for those seeking a stable, high-yield, and low-maintenance asset with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duncan
- County
- Stephens
- State
- Oklahoma
- Longitude
- -97.9695
- Latitude
- 34.493
