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Shopping Center For Sale

Mustang Trade Center

345 N. Trade Center Terr, Mustang, OK 73064

Price:
$2,425,000
Gross Leasable Area:
35,875 SF
Price/SF:
$67.60
Property Type:
Shopping Center
Property Sub-type:
Community Center
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9.20%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1984

Last Verified 6/15/2009 Listing ID 15856336

Description

The center contains 35,875 square feet and its tenants include Dollar General, Yukon National Bank, Subway, Little Caesars, Old Time Country Buffet, Factory Connection, Mustang News, Incredible Cuts, Luxury Nails, Cossey' s Custom Meats, Isnt that Kute Tea Room, DDS Dental, and Your Mail Store. This property has many updates including new roof, HVAC and paint. This is a very strong diverse property with rents below market.

Mustang Trade Center is located in the center of town at the corner of Highway 152 and Mustang Road in Mustang, OK. Neighboring tenants include Walgreens, CVS Pharmacy, Tractor Supply, Arby' s, Homeland Grocery, Westlake ACE Hardware, KFC, Taco Bell, Braum' s Ice Cream, and Pizza Hut.

Attachments

Flyer(459 KB)

Financial Summary

Major Tenant Information

Actual
Year
2008
Scheduled Gross Income
$273,696
Operating Expenses
$50,760
Net Operating Income
$222,936

Tenant	SF Occupied	Lease Expired
Dollar General	8,450
Factory Connection	4,800
Yukon National Bank	2,820

Map of 345 N. Trade Center Terr, Mustang, OK 73064 (Canadian County)

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Presented by

Land Run Commercial Real Estate

Request additional information

Contact Listing Broker

Jeremy Foraker (405) 231-5700

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Created 8/19/2008

Additional Information for 345 N Trade Center Terrace, Mustang, OK 73064

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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