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105 SE 12th Ave
Norman, OK 73071
Scooter's Ground Lease · Retail Property For Sale
Investment Highlights
- 0.312-acre C-2 zoned commercial site
- Easy access to I-35 and University of Oklahoma
- Signalized hard corner at 12th Ave SE & Alameda
- Located in growing Norman trade area
Executive Summary
Now offering the opportunity to acquire an absolute NNN Scooter’s investment property in Norman, OK, home of the University of Oklahoma Sooners. This absolute NNN with zero owner responsibilities is an ideal income-producing investment opportunity for a passive investor. This opportunity includes a 10-year ground lease expiring 8/31/2031 with 4 additional 5-year terms with 10% rent escalations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,275 SF
Building Class
B
Year Built
1974
Price
$715,000
Price Per SF
$314.29
Cap Rate
6%
NOI
$42,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.31 AC
Zoning
C-2 - C-2
Amenities
- Signage
Property Taxes
| Parcel Number | R0051712 | Improvements Assessment | $25,067 |
| Land Assessment | $35,904 | Total Assessment | $60,971 |
Property Taxes
Parcel Number
R0051712
Land Assessment
$35,904
Improvements Assessment
$25,067
Total Assessment
$60,971
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