Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Kum & Go convenience store and gas station located at 11030 S Elm Street in Jenks, Oklahoma, a quick 15-minute drive from Downtown Tulsa. The freestanding single-tenant property consists of a 3,024 SF Convenience Store, a canopy with five gas pumps and ten nozzles, a carwash, and is situated on a large 1-acre parcel. The absolute NNN lease is corporate guaranteed by Kum & Go, with more than 450 locations in 13+ states. The tenant has demonstrated tremendous commitment to the site which is reflected in their continued occupancy for over 18 years. Strategically located on the hard signalized intersection of S Elm Street and W 111th Street, the property benefits from great visibility to more than 26,900 vehicles per day. The property is also conveniently located as an outparcel to a Walmart Neighborhood Market which brings about incredible synergies and increased traffic. Aside from Walmart, the immediate trade area is also home to Bank of Oklahoma, CVS, Starbucks, Subway, Dutch Bros Coffee, and numerous other National and Regional retailers. The site is also located less than 1-mile from the entrance and exit ramps of Creek Turnpike which sees vehicle counts in excess of 27,618 per day. Numerous apartment complexes surround this property including a brand new $21 Million development built nearby with 260 brand new luxury apartments called The Reserve at Elm. Also nearby are The Village on Green Apartments (48 units), Riverwalk, Crown Chase Apartments, 93 Twenty Apartments, and Bandon Trails Apartments. There are also several other home developments currently underway such as Enclave at Addison by Simmons Homes, Glenn Hills by Simmons Homes, and Simmons Homes at Pine Valley. Kum & Go is a convenience store chain that was founded in 1959 in West Des Moines, Iowa where it is now headquartered. It operates more than 430 stores in 13 states including Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota and Wyoming. Total Annual Revenue in 2021 was US $2.6 Billion with over 5,000 employees. It is ranked the 24th-largest convenience store chain in the United States by Convenience Store News.