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2035 S Meridian Ave 4,833 SF Retail Building Oklahoma City, OK 73108 $1,195,000 ($247.26/SF) 7.28% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease
- Strong Local Operator
- Regional Draw
- Asset Can be Sold Individually or Apart of Portfolio
- Rent Escalations at Time of Renewal (2028)
EXECUTIVE SUMMARY
Currently offered as a NNN investment sale, China Fu is located at 2035 S Meridian Ave, Oklahoma City, OK. Located in the S Meridian Corridor, China Fu sees high traffic due to its close proximity to Will Rodgers International Airport. Surrounded by hotels, the building features strong visibility and ample parking. China Fu is an authentic Chinese restaurant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,833 SF
Building Class
C
Year Built/Renovated
1985/2014
Price
$1,195,000
Price Per SF
$247.26
Cap Rate
7.28%
NOI
$86,994
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.77 AC
Zoning
I-1 - Light Industrial
Parking
25 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
52’ on Meridian Ave
AMENITIES
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 148801970 | Improvements Assessment | $102,405 |
| Land Assessment | $30,085 | Total Assessment | $132,490 |
PROPERTY TAXES
Parcel Number
148801970
Land Assessment
$30,085
Improvements Assessment
$102,405
Total Assessment
$132,490
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STREET VIEW
STREET
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