1001 Harvey Rd Seminole, OK 74868-3588
- Grocery and convenience stores
- 525 SF
- 0.43 lot acres
Current Use by Public Records
- Cedar Creek Mobile Home and Rv Park / Rv Park
- Sinclair Gas Station / Gas Station / Convenience Store
- My-T-Quick / Convenience Store / Gas Station
Property Details for 1001 Harvey Rd
- Year built
- 1987
- Lot size
- 0.43 lot acres
- Property size
- 525 SF
- Property type
- Grocery and convenience stores
- APN
- 8999-22-009-006-4-068-02
- APU
- 899922009006406802
Description
This exceptional investment opportunity presents a fee-simple Sinclair Gas Station and convenience store in Seminole, Oklahoma. Boasting a new 20-year absolute NNN lease commencing March 1, 2025, and expiring February 28, 2045, this property offers significant long-term stability. The 1,716 square foot convenience store features eight fuel pumps and benefits from a prime location at a hard corner intersection on Harvey Road, a key industrial corridor. The property's strategic positioning along Harvey Road and Highway 123 provides excellent visibility and accessibility, with proximity to major transportation routes including US Hwy 377/OK-99 and Interstate 40. The strong tenant, an experienced Oklahoma operator with over 30 units, ensures consistent performance, further enhanced by annual 2% rent bumps. The property sits on a 0.43-acre lot and was built in 1987. The current Net Operating Income (NOI) is $200,000, representing an 8.00% cap rate on the $2,500,000 asking price. The lease includes 4-5 year renewal options. This single-tenant, single-story building is situated near 125 residential units, providing a strong customer base. The property's location within Seminole, a city with historical ties to the oil and gas industry, ensures consistent traffic and demand. This investment qualifies for bonus depreciation. This is a rare opportunity to acquire a high-performing, low-maintenance asset with exceptional long-term growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $560,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $525,000
- Retail
- $595,000
- Mixed-Use
- $605,000
- Hospitality
- $590,000
- Educational
- $630,000
- Residential Income
- $590,000
- Energy
- $510,000
- Income-Based Land
- $495,000
- Food Service
- $455,000
Location Insight
- Map
- Local Demand
- City
- Seminole
- County
- Seminole
- State
- Oklahoma
- Longitude
- -96.6536
- Latitude
- 35.2323
