Property summary
This exceptional investment opportunity presents a 14,100 square foot Firestone Complete Auto Care, located at 901 W Walnut Ave, Duncan, OK 73533. The property, built in 1950 and renovated in 1985, sits on a 0.25-acre lot and boasts six service bays, aligning with Firestone's current store standards. The current lease, a Net Lease (NNN) agreement with a credit-rated tenant backed by a corporate guarantee (Bridgestone Corporation), has a remaining term of 1.5 years, expiring May 30, 2026. The lease includes two 5-year renewal options, with rent increases of 6% and 7% respectively. Rent bumps occur every five years, with the next increase scheduled for June 1, 2026. The property generates a strong NOI of $73,495, resulting in a 7.35% cap rate. The asking price is $999,930, translating to $70.92 per square foot. This location benefits from high visibility along W Walnut Ave, easy access from Hwy 81, and a strong demographic area with over 24,000 residents within a 5-mile radius. The property's long history (nearly 60 years) with Firestone and the tenant's significant investment in recent upgrades further solidify this investment's potential. The landlord is responsible only for roof and structure maintenance. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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