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Description

This offering presents an excellent single-tenant investment opportunity featuring an absolute NNN lease with zero landlord responsibilities and approximately 15 years remaining on the primary term, along with two additional 5-year renewal options. The lease includes attractive 10% rental increases every five years and is backed by a strong guaranty from MSM Stores, Inc., an operator with over 20 years of experience and more than 60 locations. The property is offered fee simple, providing full ownership of both land and building, and may qualify for bonus depreciation (buyers should consult their CPA). The asset consists of an 855-square-foot convenience store with four fueling lanes situated on a 0.48-acre parcel within the Stillwater MSA. Located in Cushing, Oklahoma—known as the “Pipeline Crossroads of the World” and the primary delivery and pricing hub for West Texas Intermediate crude oil—the property benefits from a robust energy-driven economy, including approximately 90 million barrels of storage capacity in nearby tank farms. The area is supported by a diverse employment base spanning energy, agribusiness, and manufacturing, with a regional workforce of around 180,000 within a 30-mile radius. Further strengthening the market, a newly announced $5.6 billion next-generation refinery project in Cushing is expected to create jobs and generate over $13 billion in economic impact within its first decade, enhancing long-term growth prospects for the asset.

Listing Details

  • Cap Rate

    7.34%

  • Tenancy

    Single

  • Space Type

    retail

  • Sub Category

    gas-station

  • Date Listed

    5/6/2026

  • Investment Type

    Net Lease

  • Net Operating Income

    $80,850

Property Specifics

  • Property Name

    Absolute NNN Shell Gas Station | 224 E Cherry St

  • Year Built

    1979

  • Building Size

    855 SF

  • Lot Size

    0.48 Ac

  • APN

    600002711

  • Occupancy

    100%