Phillips 66 for Sale in Eufaula, OK
Eufaula, OK
Key Investment Metrics
Price
$2,565,114
Cap Rate
7.0%
Net Operating Income
$179,558
Building Size
3378 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*)
Property overview
Phillips 66 in Eufaula
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,378 SF
- Land area
- 0.93 acres
- Year built
- 1998
- Lease type
- Absolute NNN
- Lease expiration
- 06/30/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.