Address: 1890 North Perkins Road, Stillwater, Oklahoma, United States 74075
Type: Gas & Conv. Store
Cap Rate: 6.25%
Lease Type: Absolute Triple-Net (NNN)
Annual Rent: $211,870
Net Operating Income: $211,870
Lease Term Remaining: 10 Years
Rental Increases: 1.5% Annually
Options: Four, (4), Five (5)-Year Options
Year Built: 2008
Rentable Sq/Ft: 5,118 SF
Rent Sq/Ft: $41.4
Price Sq/Ft: $662
Lot Size: +/- 1.659 Acre
SURROUNDING RETAIL & POINTS OF INTEREST This Kum & Go property is located at 1890 North Perkins Road in Stillwater, Oklahoma. Stillwater is the county seat of Payne County. Stillwater is located 60 miles northeast of Oklahoma City and 63 miles west of Tulsa.
The subject property is well-positioned, benefiting from its proximity to many major national and local retailers. Major national retailers in the area include: Walmart, Lowe’s, Red Lobster, Starbucks, Chick-fil-A, Staples, JCPenney, Best Buy, Ross, Pier 1 Imports, Petco, Academy Sports + Outdoors, Olive Garden, Panda Express, Texas Roadhouse, Buffalo Wild Wing, Chipotle, as well as many others. The subject property is located less than three miles from Oklahoma State University. The total enrollment of the University is approximately 26,000 students. Stillwater Medical Center, a 117-bed acute care general hospital, is located less than five miles from the subject property. The subject property is located less than three miles from Stillwater Regional Airport. The airport averages 80,000 aircraft operations per year.
TRAFFIC COUNTS & DEMOGRAPHICS
Stillwater has approximately 41,290 individuals residing within a three-mile radius of the property and more than 52,503 within a five-mile radius. This Kum & Go property is located on North Perkins Road, which has average daily traffic counts of 21,700 vehicles.
Stillwater is home to a diverse mix of business and industry, from manufacturing to advanced technology. Among its export industries are printing and publishing, floor covering, wire products, software, food and kindred products, and research. Stillwater has the following economic clusters: aerospace, agribusiness, biotechnology, optoelectronics, printing and publishing, software and standard manufacturing. Oklahoma State University plays a significant part of Stillwater’s overall economy with more than 26,000 students, 5,500 personnel and a focus on research and technology. Stillwater is also home to a branch of Northern Oklahoma College, Meridian Technology Center, and the Oklahoma Department of Career and Technology Education. In 2011 Forbes Magazine named Stillwater the 6th fastest growing small cities in the United States.
Broker of Record: Mark McCoy License #181981