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Valvoline 81 Heffelman Dr 3,200 SF Retail Building Grove, OK 74344 $2,741,172 ($856.62/SF) 7.25% Cap Rate
Investment Highlights
- Strong Unit Level Performance | The subject property benefits from strong, underlying unit level performance.
- Located Adjacent to a Lowe's Home Improvement Store
- New, 2023 Construction Retrofitted by the Tenant | The property is a 2023 new construction oil change shop that the tenant retrofitted in 2025
Executive Summary
Surmount is pleased to present the exclusive listing for a Valvoline located at 81 Heffelman Drive, Grove, OK 74344. The site consists of roughly 3,200 rentable square feet of building space on an estimated 1.36-acre parcel of land. This Valvoline is subject to a 20-year Triple Net (NNN) lease, which commenced 3/10/2025. The current annual rent is $198,735 and has scheduled increases of 2.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,200 SF
Building Class
B
Year Built/Renovated
2023/2025
Price
$2,741,172
Price Per SF
$856.62
Cap Rate
7.25%
NOI
$198,735
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.36 AC
Parking
24 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
129’ on Heffelman Drive
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0091611 | Improvements Assessment | $242,236 |
| Land Assessment | $21,350 | Total Assessment | $263,586 |
Property Taxes
Parcel Number
0091611
Land Assessment
$21,350
Improvements Assessment
$242,236
Total Assessment
$263,586
Contacts
-
Francis Purritano -
Joseph Kelly -
Matthew Sorace -
Judson Kauffman -
Glen Kunofsky -
Christopher Marks -
Surmount
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Valvoline | 81 Heffelman Dr
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