Take 5 Oil Change
McAlester, OK
Key Details
| Price: | $1,600,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $100,000 |
| Address: | 506 South George Nigh Expressway, McAlester, Oklahoma 74501 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.34 Acres |
| Building Size: | 1,421 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 506 South George Nigh Expressway, McAlester, Oklahoma 74501. The site consists of roughly 1421 rentable square feet of building space on an estimated 0.34-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $100,000 and has scheduled increases of 1.50% Annually.
About the Investment
- 20-Year Triple-Net (NNN) Lease | At closing, the tenant will execute a brand-new 20 year absolute triple-net lease. The lease will have no landlord responsibilities.
- Attractive Rental Increases | The lease will feature 1.5% annual rental increases throughout the base term and into the four (4), five (5) year renewal options.
- Strong Corporate Guarantee | Driven Funding Holdco, LLC (~3,500 Units)
Key Details
| Price: | $1,600,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $100,000 |
| Address: | 506 South George Nigh Expressway, McAlester, Oklahoma 74501 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.34 Acres |
| Building Size: | 1,421 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Amelia Haydock
ahaydock@nnnpro.com
License: NY: 10401334976
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Gordon Pollock
gpollock@nnnpro.com
License: NY: 10401370688
Broker of Record
Brian Brockman
Bang Realty-Oklahoma, Inc
License: 177814
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.