1312-1314 N Us-81 Hwy | Duncan, OK 73533
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1312-1314 N Us-81 Hwy
Duncan, OK 73533
81 Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 61,245-Square-Foot, Multi-Tenant Retail Center: Triple-Net Leases | Retail GLA is 100% Occupied | Total GLA is 92% Occupied
- 9.60 Percent Year One CAP Rate | 16.83 Year One Cash-On-Cash Return with Proposed Debt Service
- Value-Add Opportunity: Lease the 4,500SF of Vacancy as Warehouse Space at an Annual Rate of $1.50+/SF Plus Triple-Net Reimbursements
- Priced Well Below Replacement Cost: $75.39 Per Square Foot
- Value-Add Opportunity: Increase Rents Via Built-In Renewal Options, Refinance at a Lower Interest Rate in the Future
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
62,245 SF
Building Class
C
Year Built
1962
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.31
Lot Size
4.61 AC
Zoning
C-4
Parking
110 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
262’ on Us-81 Hwy
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 1999-32-01N-07W-2-000-00 | Improvements Assessment | $189,064 |
| Land Assessment | $28,158 | Total Assessment | $217,222 |
PROPERTY TAXES
Parcel Number
1999-32-01N-07W-2-000-00
Land Assessment
$28,158
Improvements Assessment
$189,064
Total Assessment
$217,222
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