SOLD Commercial RE on CarProperty.com

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: 368