5050 N May Ave
Oklahoma City, OK 73112
Domino Food & Fuel - Oklahoma City, OK · Retail Property For Sale

SHOP Companies is pleased to offer for sale the fee simple interest in this corporate-backed Domino Food & Fuel and Xtreme Auto Wash unsubordinated ground lease asset in Oklahoma City, OK (the “Property”). The lease features 11.7 years of initial term remaining, with scheduled increases of 5.0% in 2028 and 10.0% every five years thereafter, including each of five (5) five-year renewal options, with potential term through 2063. With no landlord responsibilities, this asset provides durable, long-term income backed by one of Oklahoma's most established fuel operations, underpinned by a prime corner in the heart of Oklahoma City's retail landscape.
Domino Food & Fuel operates 23 convenience stores across central and western Oklahoma as the retail arm of the tenant, Elmer Smith Oil Company, a family-owned, Oklahoma-based business founded in 1955. Elmer Smith Oil distributes fuel across multiple states, keeping supply, transport, and retail margins within one ownership structure. Domino is actively expanding across the Oklahoma City metro, opening large-format stores in Choctaw and Shawnee, with this location serving as its urban flagship.
The property is situated on an irreplaceable hard corner, with broad frontage at the signalized intersection of NW 50th St. and N May Ave. (41k+ VPD) within one of the city’s strongest retail trade nodes, with Target, Home Depot, Lowe’s, & Sam’s Club all within 0.77 Mi. Additionally, it benefits from cross-access to the newly redeveloped 'Mayfair' Shopping Center, which ranks 5th out of 214 centers in Oklahoma in total visits (TTM), according to Placer.ai. The improvements were constructed in 2023, amidst a wave of in-migration from national users, including Five Guys, Panda Express, HTeaO, Einstein Bros. Bagels, Summer Moon Coffee, Floyd’s 99, and others. Less than one mile east sits ‘OAK’, a recently developed trophy mixed-use project featuring 135,000 SF of upscale retail, a 132-room Lively Hotel, and 320 multifamily units. Adjacent to OAK is Simon's 1.1m+ SF Penn Square Mall, which recently executed leases with Alo & North Italia amidst a significant CapEx program, showcasing their conviction in the corridor’s future and present.
Bounded by three of the city's most heavily trafficked highways, Northwest Expressway (39k+ VPD), I-44 (97k+ VPD) & Lake Hefner Parkway (119k+ VPD), the trade area is one of Oklahoma City's densest, with over 101,000 residents within a 3-mile radius and an average household income of $105,986. The daytime population within a 5-mile radius exceeds 360,000, and the property is less than 1 mile from INTEGRIS Baptist Medical Center, with 9,000 employees and 508 beds. Further, the City of Oklahoma City and ODOT are currently constructing a $15 million diverging diamond interchange at Northwest Expressway and May Avenue, the first in Oklahoma City, with completion scheduled for mid-2028.