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28 Indian Hwy 144 3,885 SF Retail Building Broken Bow, OK 74724 $1,299,000 ($334.36/SF) 24.62% Cap Rate
INVESTMENT HIGHLIGHTS
- Location on 3 main arteries From Dallas, Ft. Smith and Tulsa.
- only operating for 1 month and it grossed over $60k
- Social Media shows it to be a huge hit with the local residence.
EXECUTIVE SUMMARY
THE Triangle Truck Stop is open for business! BUSINESS, HOUSE AND SHOP ALL INCLUDED!! 308 feet of Highway Frontage. Remodeled gas station fully up and running, to include food, friends and fun. This place is hopping. People are coming from 50 miles away to eat the home cooking. Listed under Appraised Value! The gas station features a country Store, fully functioning kitchen and dine in area. Total remodel. Strategic location. Two new cabin subdivisions are being built 1 mile north of this store at the present time. Traffic coming from Fort Smith or from the famous " Talimena Scenic Drive", going to Broken Bow, will pass this station. The are no other fueling stations with in 12 miles. Opportunities are endless. The store is fully up and running. The store building has 3 bathrooms, kitchen, and spacious storefront. New a/c systems, newly insulated, and numerous improvements. A metal garage was built in 2022 with 3 glass garage doors, this building could easily be a gift shop or barber shop, or repair shop. Small storage building built in 2022. The entire Property is on 2.5 acres, there is room to add small rental cabins or rental storage spaces. Sits on the corner of Hwy 259 and Hwy 144 locally known as “The Triangle”. 15 mins from Hochatown and 7 minutes from Broken Bow Lake.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$650,000
|
$167.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$650,000
|
$167.31
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$350,000
|
$90.09
|
| Net Operating Income |
$300,000
|
$77.22
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $650,000 |
| Annual Per SF | $167.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $650,000 |
| Annual Per SF | $167.31 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $350,000 |
| Annual Per SF | $90.09 |
| Net Operating Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $77.22 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Truck Stop
Building Size
3,885 SF
Building Class
C
Year Built
1997
Price
$1,299,000
Price Per SF
$334.36
Cap Rate
24.62%
NOI
$319,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.50 AC
Opportunity Zone
Yes
Zoning
No Zoning restrictions - Rural Commercial
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0000-20-02S-24E-3-001-00 | Improvements Assessment | $32,725 |
| Land Assessment | $1,375 | Total Assessment | $34,100 |
PROPERTY TAXES
Parcel Number
0000-20-02S-24E-3-001-00
Land Assessment
$1,375
Improvements Assessment
$32,725
Total Assessment
$34,100
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28 Indian Hwy 144
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