Shell Ripley, OK

203 Morton Avenue
Ripley, OK

Price: $968,160
Cap Rate: 7.50%
NOI: $72,612
Building Size: Approx. 2,019 Sq. Ft.
Lot Size: Approx. 0.54 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 1983

Investment Overview

  • 2,019+/- SF Building on 0.54+/- Acre Site.
  • New 2021 Remodel that is Strategically Located Along Morton Ave (SH-108)
  • New 20-Year Absolute NNN Lease w/ 10% Rent Bumps Every 5 Yrs
  • Newly Rebranded as Shell Property with Excellent Visibility in the Heart of Ripley
  • The Shell Company has $344.9 Billion in Revenue, 44,000+ Locations and an A-1+ Credit Rating
  • Ripley  |  Located 15 Miles from Stillwater  |  Stillwater is Home of Oklahoma State University