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2303 N Elm Pl 2,000 SF Retail Building Broken Arrow, OK 74012 $1,200,000 ($600/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Net Lease investment, occupied by Tulsa Federal Credit (dba, WeStreet Bank).
- Property is surrounded by many national retailers, six hotels with over 500 rooms, and the Ascension St. John Broken Arrow Hospital.
EXECUTIVE SUMMARY
Newmark Robinson Park is pleased to present the opportunity to acquire a ten (10) year, Single Tenant Net Lease investment, occupied by Tulsa Federal Credit (dba, WeStreet Bank), which is located 2303 N. Elm Place, Broken Arrow, OK 74012 (“Property”). The property was built in 2023 and is approximately 2,000 square feet. The property is in Broken Arrow, Oklahoma, which is the fourth largest city in Oklahoma, having a population of 119,954.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,000 SF
Building Class
B
Year Built
2023
Price
$1,200,000
Price Per SF
$600
Cap Rate
5.75%
NOI
$69,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.35 AC
Zoning
CH
Parking
15 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
116’ on North Elm Place
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79025-84-02-56360 | Improvements Assessment | $39,182 |
| Land Assessment | $32,780 | Total Assessment | $71,962 |
PROPERTY TAXES
Parcel Number
79025-84-02-56360
Land Assessment
$32,780
Improvements Assessment
$39,182
Total Assessment
$71,962
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2303 N Elm Pl
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