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Stripes/7-Eleven | 4+Yrs Corp Abs NNN 1016 SW C Ave 2,585 SF Office Building Lawton, OK 73501 $785,000 ($303.68/SF) 5.50% Cap Rate



INVESTMENT HIGHLIGHTS
- 4+ Years Remaining | Options To Extend | Rental Increases
- Signalized, Hard Corner Intersection | Excellent Visibility & Access | Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant, 7-Eleven (operating as Stripes), has over 4 years remaining on its lease with 3 (5-year) options to extend, demonstrating long-term commitment to the site
• Lease features 8% rental increases at the beginning of each option period
• The Lease is corporate signed by 7-Eleven, Inc further enhancing the credit quality and long-term stability of the tenancy
• Lease features 8% rental increases at the beginning of each option period
• The Lease is corporate signed by 7-Eleven, Inc further enhancing the credit quality and long-term stability of the tenancy
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
2,585 SF
Building Class
B
Year Built
1983
Price
$785,000
Price Per SF
$303.68
Cap Rate
5.50%
NOI
$43,200
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,585 SF
Building FAR
0.11
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
C-5 - General Commercial District
Parking
19 Spaces (7.35 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 7-Eleven
- Mining, Quarrying, and Oil and Gas Extraction
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 7-Eleven | Mining, Quarrying, and Oil and Gas Extraction | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 0015951 | Improvements Assessment | $66,619 |
| Land Assessment | $11,391 | Total Assessment | $78,010 |
PROPERTY TAXES
Parcel Number
0015951
Land Assessment
$11,391
Improvements Assessment
$66,619
Total Assessment
$78,010
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Stripes/7-Eleven | 4+Yrs Corp Abs NNN | 1016 SW C Ave
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