873 Bois D'arc Ave Duncan, OK 73533
- Retail properties
- 1,680 SF
- 0.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 873 Bois D'arc Ave
- Year built
- 1960
- Lot size
- 0.25 lot acres
- Property size
- 1,680 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 1,680 sq ft convenience store and gas station in Duncan, Oklahoma. Boasting a 7.75% cap rate and a long-term absolute NNN lease with a corporate guarantee from a major franchisee, this property offers significant upside potential. Built in 1960 and renovated in 2020, the property sits on a 0.25-acre lot and includes 13 parking spaces and a drive-thru. The lease features 10% rent bumps every five years, extending to December 30, 2037. The property benefits from high visibility and easy access to Highway 7, with traffic counts exceeding 9,000 vehicles daily. Its strategic location near a major hospital and Halliburton manufacturing center ensures a consistent customer base. The property's strong performance and long-term lease make it an ideal addition to any investment portfolio. The property generates a net operating income (NOI) of $117,444. The asking price is $1,515,406, resulting in a price per square foot of $902.03.
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
- -97.9593
- Latitude
- 34.493
