Phillips 66 - Net Lease Property for Sale
Eufaula, OK
Key Investment Metrics
Price
$2,565,114
Cap Rate
7.0%
Net Operating Income
$179,558
Building Size
3378 SF
Lot Size
3,378 SF
Land Area
0.93 Acres
Remaining Term
6 years
Lease Expiration
06/30/2032
Lease Term
15.0 years
Lease Commencement
06/19/2017
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
1998
Tenancy
Single
Rent Increases
1.5% Annual Increases (Base Term & Renewal Options*)
About This Phillips 66 Net Lease Property
This Phillips 66 NNN (triple net lease) property is located in Eufaula, OK and represents an excellent investment opportunity for commercial real estate investors. The property features 3378 square feet of building space and was built in 1998.
With a cap rate of 7.0%, this Phillips 66 net lease property offers stable income potential. The asking price is $2,565,114, making it an attractive option for 1031 exchange investors seeking quality Phillips 66 commercial properties.
Why Invest in Phillips 66 NNN Properties?
- Stable Income: Phillips 66 net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Phillips 66 is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Eufaula, OK Market Overview
Located in Eufaula, OK, this Phillips 66 property benefits from strong local demographics and market fundamentals. The Eufaula area offers excellent visibility and accessibility, making it an ideal location for Phillips 66 operations and a solid investment for net lease property buyers.