Star Lube NNN Lease

Star Lube | Grove, OK


Sands Investment Group is Pleased to Present For Sale the Star Lube NNN Lease Located in Grove, Oklahoma. This Deal Includes a Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at The Close of Escrow With a Seasoned Operator That Has Over 30 Years of Experience Working Within the Automotive Services Industry, Providing For a Secure Investment.

  • Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities Limited Quick Lube Competition
  • Seasoned Operator With Over 30 Years of Experience Working Within the Automotive Services Industry
  • Tenant Operates a Total of 9 Location and Has Previously Sold Locations to Valvoline and Grease Monkey
  • Grove is a Fast Growing Area, With an Average Population Growth Rate of 1.23% Over the Past Decade and a Projected Growth Rate of 0.75% Over the Next 10 Years
  • Largest City on Grand Lake O’ the Cherokees
  • Under a 10-Minute Drive From a Densely Populated Retail Area on Main
  • Street With Major Retailers Such As: Walmart Supercenter, Lowe’s Home Improvement, Walgreens, and Several Area Restaurants That Include Taco Bell, Arby’s and Sonic Drive-In, Among Others

In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754

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Harp’s Food

 

  • Security Through Long Term Lease
  • Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
  • Successful Location with Strong Store Sales – Nearly $10 Million in 2014
  • Low Rent to Sales Ratio of 3.65%
  • New Construction – Built in 2012
  • Tenant has Long Term Operating History in Immediate Trade Area – Tenant Relocated from Across Har-Ber Road