224 E CHERRY ST

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224 E CHERRY ST

CUSHING, OK 74023-3802
Asking Price
$1.10M
Cap Rate
7.34%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

15 Years Remaining on Primary Term | 10% Rental Increases Every 5 Years <p>For More Information, Contact </p><p>Ned Skinner nskinner@anchorpointcapital.com</p><p>Jacob Sparks jsparks@anchorpointcapital.com</p><p></p><p><strong>Excellent Single Tenant Investment Opportunity</strong></p><ul><li>​Absolute NNN Lease; Zero Landlord Responsibilities</li><li>​15 Years Remaining on Primary Term; Two 5-Year Renewal Options</li><li>​10% Rental Increases Every 5 Years </li><li>​Strong Lease Guaranty; MSM Stores, Inc. with Over 20 years of Operating History and 60+ Locations</l

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NOI
$80,000
Cap Rate
7.26%
DSCR
1.22
Tight
Cash-on-Cash
4.42%
Monthly Payment
$5,449.616
Annual Cash Flow
$14,604.607

Location & Travel Times