604 Ok-19 Apache, OK 73006
This exceptional investment opportunity presents a 2,886 square foot convenience store and gas station in Apache, Oklahoma. The property boasts a 12.1-year remaining lease term with a corporate guarantee from Monfort, a significant national operator with over 80 locations. The absolute triple-net (NNN) lease ensures zero landlord responsibilities, providing a passive income stream. Rent increases are built in, with a 10% bump every five years, and four five-year renewal options are included, securing long-term cash flow. The property, built in 1999, sits on a 0.22-acre lot and includes six parking spaces and a drive-thru, catering to high customer volume. The location benefits from high traffic counts on nearby State Highway 62 and is conveniently situated less than an hour from Oklahoma City, a major metropolitan area with a population exceeding 700,000. The current net operating income (NOI) is $104,468, yielding a 7.00% cap rate. This asset offers significant intrinsic value and accelerated depreciation potential, making it an attractive addition to any portfolio. The asking price is $1,492,400, translating to $517.12 per square foot. The lease commenced December 15, 2022, and expires December 31, 2036.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.