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706 E Broadway St

Drumright, OK 74030 · Absolute NNN Shell Gas Station | 706 East Broadway Street
Available Now
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FOR SALERetail / Gas Station
NOI
$102,656
Building Size
2,784SF
APN
190044660
Lot Size
0.6Ac
Year Built
1980
Occupancy
100%
Listing Contacts
Managing Principal

More property details

Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
Brand
Shell
Ground Lease
No
No of Stories
1

Location

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Absolute NNN Shell Gas Station | 706 East Broadway Street
About the location

This property offers an outstanding single-tenant investment opportunity with an absolute NNN lease that eliminates landlord responsibilities. The lease includes 15 years remaining on the primary term, along with two 5-year renewal options and 10% rental increases every five years, providing long-term income growth potential. The investment is supported by a strong lease guaranty from MSM Stores, Inc., a well-established operator with more than 20 years of experience and over 60 locations. The property features a 2,784-square-foot convenience store with six fueling lanes situated on 0.60 acres, with fee simple ownership of both the land and building. Additionally, the asset may qualify for bonus depreciation, offering potential tax advantages subject to consultation with a tax professional. Strategically located within the Tulsa MSA in Oklahoma, the property benefits from a highly visible position at the intersection of State Highways 16, 33, and 99, generating steady regional and pass-through traffic. Its strong frontage along Broadway, the primary east-west corridor, further enhances visibility and accessibility. The site also experiences strong fuel demand from daily commuters traveling into Tulsa and benefits from proximity to Central Technology Center, a regional vocational and technical school that attracts students from across the surrounding area.

Absolute NNN Shell Gas Station | 706 East Broadway Street
2,784 SF · retail · United States · OK