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Auto Service - Gas-Conv

Kum & Go- Tulsa MSA

11030 S Elm St, Jenks, OK 74037

Listing Price: $2,016,800

Cap Rate
7.00%
Tenant Name
Kum & Go
Years Remaining On Lease
2.5
Gross SF
3,024
Guarantor
Corporate Guarantee
Rentable SF
3,024
Price/Gross SF
$666.93
Lease Type
Absolute Net
Rent Per Square Feet
$46.69

Investment Overview

Marcus & Millichap is pleased to present a Kum & Go, this absolute-net, corporate guaranteed lease is located in Jenks, Oklahoma which is fifteen minutes south of Tulsa, Oklahoma. The lease has three years remaining; commencing on December 1, 2021. The absolute-net lease has zero landlord responsibilities. Three options remain with CPI escalations. The first option is for two years while options three and four are five years each. Kum & Go has been operating at this location since July 1, 2004. The subject property is a 3,024-square foot, free-standing Kum & Go situated on a one acre lot. The property is located on the northwest corner of South Elm Street and West 111th Street with combined traffic counts of over 30,400 vehicles per day. This station consists of five gas pumps and 10 nozzles along with a car wash.

Investment Highlights

  • Corporate Guarantee
  • Tulsa Metropolitan Statistical Area
  • 450-Plus Unit Operator
  • Three Options Remaining for an Additional 12 Years
  • Kum & Go has been Operating this Location for 18 years
  • Open 24 Hours
  • The .39-Acre Parcel Located Behind the Convenient Store can also be Purchased
  • 100% Bonus Depreciation

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s) OK: 181981

    Oklahoma

Auto Service - Gas-Conv

Kum & Go- Tulsa MSA

Listing Price: $2,016,800

Cap Rate
7.00%
Tenant Name
Kum & Go
Years Remaining On Lease
2.5
Gross SF
3,024
Guarantor
Corporate Guarantee
Rentable SF
3,024
Price/Gross SF
$666.93
Lease Type
Absolute Net
Rent Per Square Feet
$46.69

Investment Highlights

  • Corporate Guarantee
  • Tulsa Metropolitan Statistical Area
  • 450-Plus Unit Operator
  • Three Options Remaining for an Additional 12 Years
  • Kum & Go has been Operating this Location for 18 years
  • Open 24 Hours
  • The .39-Acre Parcel Located Behind the Convenient Store can also be Purchased
  • 100% Bonus Depreciation

Investment Overview

Marcus & Millichap is pleased to present a Kum & Go, this absolute-net, corporate guaranteed lease is located in Jenks, Oklahoma which is fifteen minutes south of Tulsa, Oklahoma. The lease has three years remaining; commencing on December 1, 2021. The absolute-net lease has zero landlord responsibilities. Three options remain with CPI escalations. The first option is for two years while options three and four are five years each. Kum & Go has been operating at this location since July 1, 2004. The subject property is a 3,024-square foot, free-standing Kum & Go situated on a one acre lot. The property is located on the northwest corner of South Elm Street and West 111th Street with combined traffic counts of over 30,400 vehicles per day. This station consists of five gas pumps and 10 nozzles along with a car wash.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s): OK: 181981

    Oklahoma

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