Guymon Plaza

Highlights

• Double Net Lease Type | Minimal Landlord Responsibilities
• Guymon Social is investing more than $6,000,000 in Tenant Improvements
• Tractor Supply recently Exercised A Brand New 15-year Extension Showing Long-term Commitment To The Site
• Strong Hedge Against Inflation With Rental Bumps In 2026 & 2028 Increasing the NOI To $633,750
• Subject Property Is Adjacent To A 150,000 SF WalmartSupercenter, Boasting strong Traffic to the Subject Property with over 19.7K Visitors Monthly
• Family Entertainment Center Is A Great Family Attraction With Activities Like Bowling, Arcade, Axe Throwing, Billiards, Ping Pong, Full-Service Restaurants, etc.

Description

Presenting 2501 N Highway 64, an exceptional 51,985 SF property exuding substantial investment potential. Complete with a robust Double Net Lease type, minimal landlord responsibilities, and significant Tenant Improvements from Guymon Social, this property offers a solid foundation for long-term revenue. The recent 15-year lease extension by Tractor Supply underscores their unwavering commitment, while rental bumps in 2026 and 2028 provide a hedge against inflation, projected to elevate the NOI to $633,750. Direct adjacency to a thriving 150,000 SF Walmart Supercenter ensures high traffic and visibility, amplified by the allure of a Family Entertainment Center, making this property a noteworthy proposition for discerning Retail/Free Standing Building investors.

Guymon is a city and county seat of Texas County, in the panhandle of Oklahoma. As of the 2020 census, the city population was 12,965, an increase of 13.3% from 11,442 in 2010, and represents more than half of the population of the county, along with being the largest city in the Oklahoma Panhandle. Cattle feedlots, corporate pork farms, and natural gas production dominate its economy, with wind energy production and transmission recently diversifying landowners' farms.
Guymon is a hub for the local economy, which includes wheat farming, livestock hog and dairy farming, manufacturing, and oil and natural gas production. A United States soil conservation station is located nearby. Local manufacturers produce agricultural tillage tools, pressure tanks, and formula feeds. The town of Goodwell, Oklahoma, home of OklahomaPanhandle State University, lies 11 miles to the southwest of Guymon. Oklahoma Panhandle State University (OPSU) is a public college and a baccalaureate degree-granting institution. There are over 1,720 students enrolled annually.
Opening of the Hugoton-Panhandle Gas Field led to the establishment of two carbon black plants, the Dandee Manufacturing Company (makers of farming equipment), an ice plant, the OK Welding Manufacturing Company, a feed mill, the Phillips Petroleum cracking plant, and the Southwestern Public Service Company generating plant. The Guymon Municipal Hospital(later renamed Memorial Hospital of Texas County) opened in 1949.
The city's largest employer, Seaboard pork processing plant, operates at double shift capacity and its employees make up about 20% of the entire city's population. Hitch Ranch, which began opening cattle feedlots during the 1960s, is the city's second-largest employer. A Swift and Company packing plant is located near Hitch Ranch. The City of Guymon, the Panhandle Telephone Cooperative, and the Memorial Hospital of Texas County Authority round out the list of top employers.