Tenant: Conoco | Newcastle, OK
Premises: 2,400 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 12/29/2040
Lease Type: Absolute NNN
Rental Increases: 2% Annually
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,400 SF Conoco Absolute NNN Lease at 1121 N Main Street in Newcastle, Oklahoma. This Deal Includes an Absolute Triple Net (NNN) Opportunity With 2% Annual Increase and Over 19 Years Remaining, Providing For a Unique Investment.
In Cooperation With ParaSell, Inc., A Licensed Oklahoma Broker Lic. # 183645 BoR: Scott Reid – Lic. # 183646
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
The name Conoco can refer to either a major American brand of oil and gas filling stations that is currently owned by Phillips 66 Co. or to “Conoco Inc.”, a defunct oil and gas company that had operated from 1875 until 2002, when it merged with the Phillips Petroleum Company 66 to form ConocoPhillips. Along with sister brands, Phillips 66, and 76, “Conoco”, is a major American brand of oil and gas station that has been owned by Phillips 66 Company since 2012 and was originally the brand used by its originator, Conoco Inc., from 1875 to its merger with Phillips Petroleum in 2002.
ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. our 14 countries of operations, 9,900 people work in a truly integrated way to find and produce oil and natural gas. There are 6,469 Conoco locations in the United States as of September 23, 2021. The company is committed to the efficient and effective exploration and production of oil and natural gas.
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