303 North Blake

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303 North Blake

Wagoner, OK 74467
Asking Price
$2.40M
Cap Rate
6.35%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

Strong Local C&G Operator | Asset Qualifies for 100% Bonus Depreciation <ul><li>​<strong>LONG-TERM COMMITMENT:</strong> The Property is a rare fee simple convenience store subject to a lease with 17 years remaining in the primary term and six (6) five-year renewal options.</li><li>​<strong>STRONG CORPORATE GUARANTEE:</strong> The lease is backed by GPM Investments, a leading convenience store operator with approximately 1,400+ company-operated locations and a broader network exceeding 3,000 sites nationwide</li><li>​<strong>RENTAL INCREASES:</strong> Lease offers 2%

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NOI
$80,000
Cap Rate
3.34%
DSCR
0.56
Underwater
Cash-on-Cash
-8.66%
Monthly Payment
$11,849.153
Annual Cash Flow
$-62,189.839

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