Conoco Absolute NNN Lease Convenience Store Oklahoma

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Investment Offering

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.

Absolute Triple Net (NNN) Opportunity With 2% Annual Increase and 19 Years Remaining on the Term
Corporate Guarantee From Mountain Express Oil Company (MEX) Who Operates 600+ Locations Across 10 States
Currently Undergoing Fuel and Canopy Renovations and Upgrades Which is a Significant Investment Into the Site, Paid For By the Tenant Showing a Long Term Commitment
Number of Households and the Local Population Has Seen a 3.6% Increase in the Last 10 Years and Are Projected to Grow By 1.7% in the Next 5 Years
Strategically Located on Route 62 Which is the Main Road Through the Town of Newcastle
Average Household Income Within a 5-Mile Radius is $95,985
Property is Located Less Than 20-Miles Away From the Center of Oklahoma City, OK, Which is the Capital and Largest City in the State With a Population of Over 1.4 Million People
Nearby Tenants Include: Sonic Drive-In, USPS, Comfort Inn, Verden Bank, Pizza Hut, Boomarang Diner, The First National Bank & Trust Co., Phillips 66, Taco Mayo and Many More

In Cooperation With ParaSell, Inc., A Licensed Oklahoma Broker Lic. # 183645 BoR: Scott Reid – Lic. # 183646

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Tenant Overview

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.

Area Overview