Convenience Store Property

Shop N Hop | Hanover Ave | Coalgate, OK

Sands Investment Group is Pleased to Present Exclusively For Sale the 2,400 SF Shop N Hop Convenience Store Property Located at 4 W Hanover Avenue in Coalgate, Oklahoma. This Deal Includes a Long Term 19 Year Lease and Zero Landlord Responsibilities, Providing For a Secure Investment.

  • Long Term 19 Year Lease With Zero Landlord Responsibilities
  • Tenant Funded Facility Upgrades of Approximately $125,000 to Improve the Location and Increase Store Sales, as Required Per the Lease
  • Fuel Branding Was Updated to Sunoco With New Canopies, Updated Fuel Dispensers, Installed New Street Signage and Redesigned the Store Layout Including Fresh Food Offerings to Bring Even More Traffic to the Site
  • Rent Set at an Extremely Healthy Coverage Ratio of 3x
  • Strategic Location For the Experienced Operators Taking Advantage of the Low Competition, Increasing the Margins in Their Business
  • Eligible For Accelerated Depreciation (Consult a Qualified CPA)
  • Residents Within a 5-Mile Radius Are Making an Average Household Income of $61,786 and Spend the Majority of Their Income on Transportation and Food
  • Located in the Heart of Coalgate With Limited Competition
  • Coalgate Was Originally Founded By the Choctaw Nation as a Coal Mining Camp But is Now Thriving in Agriculture and Manufacturing
  • Coalgate is 2 Hours Southeast of Oklahoma City and 2.5 Hours North of Dallas
  • Nearby Tenants Include: Family Dollar, Coalgate Fire & EMS, Coalgate Public Schools, USPS, Subway, C&C Hardware and More

In Cooperation With Commercial Oklahoma, Inc. BoR: Matt Weiss – Lic. #176169

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