Shop N Hop | Lane, OK
Sands Investment Group is Pleased to Present Exclusively For Sale the 2,220 SF Shop N Hop Convenience Store Triple Net Lease Investment Opportunity Located at 958 OK-3 in Lane, Oklahoma. This Deal Includes a Long Term 19 Year Lease and Zero Landlord Responsibilities, Providing For a Secure Investment.
- 19 Years Remaining on a Triple Net Lease (NNN) With No 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
- Attractive 10% Rental Increases Every 5 Years
- Strategic Location For the Experienced Operators Taking Advantage of the Low Competition, Increasing the Margins in Their Business
- Rent Set at an Extremely Healthy Coverage Ratio of 3x
- Eligible For Accelerated Depreciation (Consult a Qualified CPA)
- Located on the Major East/West Artery in Lane; This Location is the Only Gas Station Within 10 Minutes of Town
- Lane is Just 10-Miles East of Atoka Which Has Experienced an Economic Upturn in the Past Few Years; Lane is Also the Home of the World Famous Bull Rider, Lane Frost
- Lane is 2.5 Hours North of Dallas and 2.5 Hours Southeast of Oklahoma City
In Cooperation With Commercial Oklahoma, Inc. BoR: Matt Weiss – Lic. #176169
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