Log In/Sign Up
Your email has been sent.
303 S Wood Dr
Okmulgee, OK 74447
Retail Property For Sale
Investment Highlights
- Established retail site with over 30 years of continuous operation as a fuel and convenience store.
- Easy access to Tulsa via US Highway 75, enhancing regional connectivity.
- Approximately one mile from Oklahoma State University Institute of Technology, supporting steady customer flow.
- Located at a signalized intersection along US Highway 75 with high daily traffic counts.
Executive Summary
This offering presents the opportunity to acquire a Casey’s General Store (Good Stop) located at 303 S Wood Drive in Okmulgee, Oklahoma. The property is being offered fee simple and is leased on an absolute NNN basis, providing a passive investment with zero landlord responsibilities. The lease is backed by a corporate guarantee from Casey’s General Stores, Inc. (NASDAQ: CASY), a well-established operator with a strong national presence.
The site consists of a 4,104 SF building situated on approximately 0.78 acres and includes a convenience store, 8 fueling positions, and a touchless express car wash. The property has been operating at this location since 1993, demonstrating a long-term, proven operating history.
Strategically located at a signalized hard corner along US Highway 75, the property benefits from strong visibility and consistent traffic counts. The surrounding area includes residential neighborhoods and is located approximately one mile from Oklahoma State University Institute of Technology, further supporting steady customer demand.
The current lease term has approximately 2.5 years remaining, with three 5-year renewal options extending through 2043. Future rent increases include CPI-based adjustments and fixed increases, providing built-in income growth.
This offering presents a stable, income-producing asset backed by a corporate tenant, with long-term upside in a proven location.
The site consists of a 4,104 SF building situated on approximately 0.78 acres and includes a convenience store, 8 fueling positions, and a touchless express car wash. The property has been operating at this location since 1993, demonstrating a long-term, proven operating history.
Strategically located at a signalized hard corner along US Highway 75, the property benefits from strong visibility and consistent traffic counts. The surrounding area includes residential neighborhoods and is located approximately one mile from Oklahoma State University Institute of Technology, further supporting steady customer demand.
The current lease term has approximately 2.5 years remaining, with three 5-year renewal options extending through 2043. Future rent increases include CPI-based adjustments and fixed increases, providing built-in income growth.
This offering presents a stable, income-producing asset backed by a corporate tenant, with long-term upside in a proven location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,288 SF
Building Class
C
Year Built
1993
Price
$1,600,000
Price Per SF
$486.62
Cap Rate
5.94%
NOI
$94,978
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.78 AC
Zoning
C - Commercial
Amenities
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $26,661 | |
| Land Assessment | $9,041 | Total Assessment | $35,702 |
Property Taxes
Parcel Numbers
Land Assessment
$9,041
Improvements Assessment
$26,661
Total Assessment
$35,702
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
