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Property profile & analytics
OFF-MARKET Estimated value $535,000
Grocery and convenience stores

1001 Harvey Rd Seminole, OK 74868-3588

525 SF 0.43 ac lot Built 1987
Entity Owned 3-yr Hold Free & Clear
Property ID
US69-2084551
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1987
Total area 525 SF
Lot 0.43 ac (18,731 SF)
APN 8999-22-009-006-4-068-02
UPID US69-2084551
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
Current use
Occupant on record · Public records
  • Cedar Creek Mobile Home and Rv Park Campground & RV Park
  • Sinclair Gas Station Gas Station
  • My-T-Quick Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k
Owner & transaction history
Elite Construction Group LLC · 3 yrs held
Elite Construction Group LLC
since 2023
Last sale
$510,000
3 recorded transactions
2024
Price N/A
2023
$510,000
2022
$350,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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