303 Blake Dr - Service Station FOR SALE


Wagoner, OK 74467
$2,394,252 USD
256-694-9803
303 Blake Dr, Wagoner, OK for Sale
$2,394,252 USD
Service Station - FOR SALE
1/6
null | 6.35% Cap Rate

303 Blake Dr
Wagoner, OK 74467


OVERVIEW

LONG-TERM COMMITMENT: 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. STRONG CORPORATE GUARANTEE: 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 RENTAL INCREASES: Lease offers 2% annual increases providing a strong hedge against inflation. BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow. ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term. NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Walmart, Taco Bell, Tractor Supply, Walgreens, and Arby’s

FOR SALE DETAILS

PRICE

$2,394,252 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

730027795

ASK ABOUT THIS PROPERTY

Adam EnglishStream Capital PartnersMore Info
256-694-9803

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Adam EnglishStream Capital PartnersMore Info
256-694-9803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.