SOLD Commercial RE on

Star Lube, a Fantastic Real Estate Investment Opportunity is Being Auctioned

This ad is marked as 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

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




Address 8707 US-59
City Grove
State OK
Postal Code 74344
Country USA
Cell Phone 512.920.5120
Ad id: 67254613
Ad views: 368