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DOM: 96 Updated: 03.11.24 Posted: 09.08.23 Status: Sold 12.13.23

Summary

Price $3,505,000 $3,505,400
Built/Renov 2013
Tenant Kum & Go
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,004
Lease Start 09-27-2013
#Units 400
Price/SF $700.44 $700.52
Expiration 09-30-2033
Tenant Type Convenience/Gas
NOI $210,324
R. Term 8.4
Ownership Fee Simple
Rent/SF $42.03
Increases 7.5%/5/yrs
Pop 5Mi 189,649
Lot/AC 1.23
Options 4/5yrs/7.5%
AHHI 5Mi $109,095

Lease Highlights

  • Kum & Go has 10 years remaining on its current lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years and at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • In 2022, Kum & Go generated over $3B in revenue and was rated as #184 on Forbes' list of America's Largest Private Companies

Location Description

This Kum & Go consists of a 5,004 square foot freestanding retail building, on a 1.23-acre parcel of land. The site benefits from excellent access & visibility at the hard corner, signalized intersection of S. Mingo Road and E 101st Street, both of which are primary thruways for Tulsa and combine for over 25,735 vehicles per day. The property is positioned just east of a dense retail corridor...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kum & Go, LLC.
  • Guarantor:Corporate
  • Company:Krause Group
  • # Units:400
  • Stock:Private

About Tenant

Kum & Go, L.C. (DBA Kum & Go) is a privately-held company-operated gas station/convenience store chain primarily located in the Midwestern United States. In addition to a wide selection of...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,999 80,786 193,394
2023 Total Population : 9,785 79,467 189,649
2023 Employed Civilian Pop : 5,210 42,726 100,769
2023 Total Businesses : 347 2,695 8,917
2023 Average Household Income : $ 162,469 $ 122,839 $ 109,095
2023 Total Consumer Spending : $ 473 M $ 3231 M $ 7063 M
2023 Median Age : 40 40 40
2023 Total Households : 3,487 31,001 75,743
2023 Pop Age 25+: Bachelor's Degree : 2,499 19,468 40,454
2023 Average Home Value : $ 373,302 $ 320,095 $ 294,721
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E 101st St E 60th Pl 2017 17,200 0.15 mi
S Mingo Rd E 104th St S 2017 15,500 0.17 mi
E 101st St S 94th E Ave 2017 20,400 0.19 mi
South Mingo Road E 97th St 2019 15,900 0.26 mi
S Mingo Rd E 97th St 2017 19,100 0.26 mi
West New Orleans Street 2019 8,100 0.37 mi
S Mingo Rd E 57th Pl 2015 14,800 0.42 mi
South Mingo Road 2019 10,650 0.44 mi
Mingo Valley Expy S Mingo Rd 2001 41,800 0.54 mi
East 101st Street S 89th Pl 2019 13,400 0.56 mi

Listing Broker

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