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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

604 Ok-19 Apache, OK 73006

2,886 SF Built 1999
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1999
Total area 2,886 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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