Retail    

Shell Gas

 Ripley, OK

Asking Price

$854,000

Cap Rate

8.50%

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Lease Type

Absolute Net

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Year Built | Ren

1983 | 2021

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Building Size

2,019 SF

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Lot Size

0.83 AC

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Rental Increases

10% Every 5 Years

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LTR

16+ Years

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • 16+ Year Absolute Net Lease with 10% Rental Increases Every Five Years | Zero Landlord Responsibilities
  • 8.50% Cap Rate at List | Positive Leverage Day One with Reasonable Debt Assumptions
  • 2021 Shell Gas Renovation and Rebrand | Strong
    Evidence of the Tenant's Long-Term Commitment to the Site

  • Strong Branding from One of the Largest Gas Companies in the World 
  • Great Depreciation Benefits at a Low Price – Call Broker for Details

Exclusively Listed By

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com      +1 773.963.2637

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   

Christian Tremblay

Vice President
  ctremblay@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Senior Associate
  jcollins@northmarq.com   

Josh Dicker

Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

Sam Ray

Analyst
  sray@northmarq.com   

In Association with

Lindsey Vedros

OK Broker #179701

Northmarq

303 E Wacker Dr | Suite 1111
Chicago, Illinois 60601


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