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U.S. Renal Care 1401 E Broadway St 5,725 SF Retail Building Altus, OK 73521 $3,350,975 ($585.32/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Tenant with Strong Industry Presence
- Long-Term Passive Lease with Annual Rent Increases
- Proven Location Performance & Tenant Commitment
- Strategically Positioned Along Altus’s Primary Medical Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a U.S. Renal Care at 1401 East Broadway Street, Altus, OK. The site consists of roughly 5,725 rentable square feet of building space on an estimated .91-acres. The property is subject to a 20-year Double Net (NN) lease, which commenced in 2014. The current annual rent is $234,568 and has scheduled increases of 2.50% Annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,725 SF
Building Class
B
Year Built
2014
Price
$3,350,975
Price Per SF
$585.32
Cap Rate
7%
NOI
$234,568
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.91 AC
Zoning
UC
Frontage
133’ on East Broadway Street
AMENITIES
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0065-00-001-001-0-000-00 | Improvements Assessment | $151,227 |
| Land Assessment | $18,043 | Total Assessment | $169,270 |
PROPERTY TAXES
Parcel Number
0065-00-001-001-0-000-00
Land Assessment
$18,043
Improvements Assessment
$151,227
Total Assessment
$169,270
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U.S. Renal Care | 1401 E Broadway St
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