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Sherwin-Williams 2615 N 14th St 5,000 SF Retail Building Ponca City, OK 74601 $1,250,000 ($250/SF) 6% Cap Rate
Investment Highlights
- The lease is backed by Sherwin-Williams, a nationally recognized, investment-grade tenant, providing strong credit security and long-term stability
- Ownership has completed significant tenant improvements to the building and parking lot within the past couple months
- The property is supported by a population of 26,549 residents within a 5-mile radius and an average household income of $87,124 within 1-mile radius
- Sherwin-Williams has operated at this location for 35 years and executed a 5-year lease extension, demonstrating long-term commitment to the site
- The nearest Sherwin-Williams location is 42 miles away, minimizing brand cannibalization and supporting sustained performance
- The property is strategically located along Ponca City’s primary retail corridor, offering strong visibility and convenient ingress and egress
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # 180759, 180760 (OK)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 180759, 180760 (OK)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Year Built
1972
Price
$1,250,000
Price Per SF
$250
Cap Rate
6%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.52 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1990-14-026-02E-2-011-00 | Improvements Assessment | $21,590 |
| Land Assessment | $28,349 | Total Assessment | $49,939 |
Property Taxes
Parcel Number
1990-14-026-02E-2-011-00
Land Assessment
$28,349
Improvements Assessment
$21,590
Total Assessment
$49,939
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Sherwin-Williams | 2615 N 14th St
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