Current Use by Public Records
- Retail properties & Spaces
Property Details for 10887 State Hwy
- Year built
- 2011
- Lot size
- 23.33 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional Class A, absolute NNN net lease property presents a compelling investment opportunity. Located in Marlow, Oklahoma, at 10887 State Hwy 7, this 7,536 square foot convenience store and gas station sits on a substantial 23.33-acre lot. The property boasts 25 gas pumps, 57+ parking spaces, and a long drive-thru bay, designed to handle high customer volume. The tenant, Chisholm, is backed by a corporate guarantee from Monfort Companies, a major 7-Eleven franchisee. The lease, with a remaining term of 13.1 years (expiring 12/30/2037), includes 10% rent bumps every five years, ensuring consistent income growth. The property benefits from a high-traffic location on State Highway 7 and US-81, seeing over 9,500 and 15,700 vehicles per day respectively. Its proximity to the Chisholm Trail Casino further enhances its appeal. The property's strong NOI of $472,510 and a 7.75% cap rate make it an attractive addition to any portfolio. Built in 2011, this asset offers a compelling combination of strong tenant, long-term lease, and significant upside potential. The property also includes additional amenities such as a restaurant and truck parking. This is a recession-resistant investment with accelerated depreciation capabilities.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marlow
- County
- Stephens
- State
- Oklahoma
- Longitude
- -97.9687
- Latitude
- 34.5945
