Star Lube, a Fantastic Real Estate Investment Opportunity is Being Auctioned
This ad is marked as Sold
Description: |
|
| SOLD, SOLD, SOLD Introducing Star Lube, a fantastic investment opportunity in Grove, Oklahoma. This property is perfect for investors seeking a secure and hassle-free opportunity. Located at 8707 US-59, Star Lube features a spacious 1,650 square feet of prime commercial space. With a long-term triple-net (NNN) lease in place, investors can enjoy a passive income stream with zero landlord responsibilities. The lease will commence immediately upon closing of escrow, providing immediate returns. Notably, Star Lube is operated by a seasoned industry professional with over 30 years of experience in the automotive services industry, ensuring a reliable and trustworthy tenant. The property has a net operating income (NOI) of $93,000 and is in a prime location in Delaware County. Don't miss out on the chance to own Star Lube in Grove, Oklahoma! Auction Bidding Information: - Bidding Starts: Dec 4, 2023 @ 9:00 AM - Starting Bid:$300,000 Terms & Bid History: - Auction Terms - Closing Period: 30 Days - Earnest Money Deposit: 10% - Platform Fee: 3% - Minimum Fee (if greater than % fee): $20,000 |
|
Members profile: |
|
| Advertised by: | SIG - Sands Investment Group (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
|
| Property is | Sold |
| Auto Use Allowed | Yes |
| Garage Spaces (put 0 if this does not apply) | 6.00 |
| Price Info | No Longer for Sale |
| Price: | $0 USD |
Buildings & Land |
|
| Property Name | Star Lube |
| Property Types | Retail, Vehicle Related |
| Land Types | Retail, Industrial |
Size & Value |
|
| Bldg. Size (Sq. Ft.) | 1650 s.f. |
| Year Built: | 1994 |
Use & Status |
|
| Best Property Use | This is an investment property |
| Construction Status: | Existing Structures |
For Sale at Auction |
|
| Auction Sale? | Yes |
| Type of Auction | Retail Auction (not Foreclosed Properties), Internet Auction, Minimum Bid Amount Required |
| Auction Website | https://www.crexi.com/properties/1303062/oklahoma-nnn-lease-star-lube |
Lease Information |
|
| Is this space available for lease? | Yes |
| Tenants with Current Leases | Yes |
| Net Operating Income | 93,000 |
| Occupancy (in %) | 100 |
| Lease Type | NNN |
| This is a Sublease | No |
Website |
|
| Website | https://www.crexi.com/properties/1303062/oklahoma-nnn-lease-star-lube |
Location |
|
| Address | 8707 US-59 |
| City | Grove |
| State | OK |
| Postal Code | 74344 |
| Country | USA |
| Cell Phone | 512.920.5120 |
| Ad id: | 67254613 |
| Region: | |
| Ad views: | 636 |