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Description

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.

Listing Details

  • Tenancy

    Single

  • Space Type

    retail

  • Sub Category

    gas-station

  • Date Listed

    5/7/2026

  • Investment Type

    Net Lease

  • Net Operating Income

    $102,656

  • Brand Info

    Shell

  • Ground Lease

    No

Property Specifics

  • Property Name

    Absolute NNN Shell Gas Station | 706 East Broadway Street

  • No of Stories

    1

  • Year Built

    1980

  • Building Size

    2,784 SF

  • Lot Size

    0.6 Ac

  • APN

    190044660

  • Occupancy

    100%