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GPM Investments 303 Blake Dr 10,260 SF Retail Building Wagoner, OK 74467 $2,394,252 ($233.36/SF) 6.35% Cap Rate
Executive Summary
LONG-TERM COMMITMENT: The Property is a rare fee simple convenience store subject to a lease with 17 years remaining in the primary term and six (6) five-year renewal options.
STRONG CORPORATE GUARANTEE: The lease is backed by GPM Investments, a leading convenience store operator with approximately 1,400+ company-operated locations and a broader network exceeding 3,000 sites nationwide
RENTAL INCREASES: Lease offers 2% annual increases providing a strong hedge against inflation.
BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Walmart, Taco Bell, Tractor Supply, Walgreens, and Arby’s
STRONG CORPORATE GUARANTEE: The lease is backed by GPM Investments, a leading convenience store operator with approximately 1,400+ company-operated locations and a broader network exceeding 3,000 sites nationwide
RENTAL INCREASES: Lease offers 2% annual increases providing a strong hedge against inflation.
BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Walmart, Taco Bell, Tractor Supply, Walgreens, and Arby’s
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,260 SF
Building Class
B
Year Built/Renovated
1985/2020
Price
$2,394,252
Price Per SF
$233.36
Cap Rate
6.35%
NOI
$152,035
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
C
Parking
8 Spaces (0.78 Spaces per 1,000 SF Leased)
Frontage
133’ on North Blake
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 730027795 | Improvements Assessment | $127,526 |
| Land Assessment | $49,175 | Total Assessment | $176,701 |
Property Taxes
Parcel Number
730027795
Land Assessment
$49,175
Improvements Assessment
$127,526
Total Assessment
$176,701
Contacts
-
Adam English -
Connor Shell -
Jordan Shtulman -
Ben Hollis -
Stream Capital Partners
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GPM Investments | 303 Blake Dr
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