Chisholm Corner Gas Station – Alex, OK

Chisholm Corner Gas Station
601 OK-19, Alex, OK 73002, USA

Sands Investment Group is pleased to exclusively offer for sale the 3,214 SF Chisholm Corner Gas Station located at 601 OK-19 in Alex, OK. This investment is secured by a ~17-year Absolute Triple Net (NNN) Lease, offering zero landlord responsibilities and a truly passive ownership structure. The property benefits from a long operating history at the site, and the tenant’s recent execution of a new lease underscores their long-term commitment to the location making this a compelling and stable investment opportunity.

  • ~17-Year Absolute Triple Net (NNN) Lease: Structured with zero landlord responsibilities, offering passive and predictable income for ownership.
  • Experienced Operator: Operated by Diamond Jubilee Oil, LLC under a master lease assigned in February 2026.
  • Two-Tier Guaranty Structure: Backed by City Mart Energy LLC, an experienced regional fuel wholesaler, in addition to a personal guaranty from the owner of Diamond Jubilee Oil, LLC.
  • Long Operating History & Renewed Commitment: The tenant has successfully operated at this location for years and recently executed a new lease, demonstrating long-term commitment to the site.
  • Recession-Resistant Essential Service Use: Gas stations and convenience stores are e-commerce resistant and recession resilient, providing essential goods and services that maintain consistent demand through economic cycles, making this an attractive defensive investment.
  • Hard-Corner Location With Complementary Co-Tenant Traffic: The site is anchored by a Subway franchise on the parcel, driving incremental food and fuel cross-shopping traffic and creating a multi-revenue retail node within a stable rural Oklahoma trade area.

In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754

Chisholm Corner Gas Station
601 OK-19, Alex, OK 73002, USA

 Diamond Jubilee Oil, LLC

The subject property is occupied by Diamond Jubilee Oil, LLC, a regional convenience store operator that has demonstrated meaningful acquisition activity and capital access over the past three years. Diamond Jubilee participated in the institutional-scale Monfort Companies portfolio divestiture in 2023-2026, competing alongside 7-Eleven Inc. and other well-capitalized regional operators to acquire stores in Oklahoma and adjacent markets. Diamond Jubilee’s ability to execute on multi-state acquisitions, maintain geographically diversified operations across the Southwest, and compete in competitive bidding processes signals operational sophistication and balance sheet strength. The guaranty is backed by principal Mohammad Salim and reflects an operator with proven transaction execution and a track record of scaling convenience store portfolios through disciplined growth.

Price

$2,249,557

Cap Rate

7.00%

PREMISES

3,214 SF

YEAR BUILT

1985

RENEWAL OPTIONS

3 x 5 Year Options

Lease Expiration

12/31/2042

Lease Type

Absolute NNN

RENTAL INCREASES

10% Every 5 Years

BROKERS

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