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- LoopNet Team
604 E Prospect Ave
Ponca City, OK 74601
Quick Lube Sale Leaseback · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15 year leaseback Experienced 42 unit operator
- Experienced 42 unit operator
- Absolute net lease with annual increases
PROPERTY FACTS
ABOUT 604 E PROSPECT AVE , PONCA CITY, OK 74601
SVN Silveri Co and Easy Leasebacks present this sale-leaseback of a successful quick lube. The current owner will lease back this location for 15 years, absolute triple net. The NNN lease includes annual rent increases. The tenant is Stribco Inc, owner/operator of six locations, all branded with Service Pro products. The owner of Stribco is an experienced owner/operator with 42 oil change locations throughout the Midwest. Built in 1996, this sharp looking 2,100 SF three bay quick lube and additional 1,264 SF Tire Center building are surrounded by national retailers such as Chili’s, Subway, Taco Bell, Dollar General, Hobby Lobby, Burger King, Sonic and several local retailers as well. Ponca City is located between Wichita and Oklahoma. There are over 36,000 people within a 10-mile radius. We have a recent Phase 1 report. This location is part of a larger sale-leaseback so additional locations can be added for a larger 1031 or portfolio purchase. OK Broker of record Sterling Scott.
PROPERTY TAXES
| Parcel Number | 1990-15-026-02E-2-001-10 | Improvements Assessment | $51,724 |
| Land Assessment | $28,478 | Total Assessment | $80,202 |
PROPERTY TAXES
