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316 Broadway St 519 SF Retail Building Sparks, OK 74869 $62,500 ($120.42/SF)
Investment Highlights
- Long-term 15-year USPS lease beginning 2027
- Recent building improvements reduce future expenses
- Ideal passive, low-maintenance investment
- National credit-tenant with dependable payment history
- Strong tenant retention and operational stability
Executive Summary
This USPS-leased property offers a stable, long-term investment backed by a nationally recognized credit-tenant. The tenant has never missed a payment, providing reliable income and minimal owner oversight. A newly signed 15-year lease beginning in 2027 ensures strong future cash flow and long-term occupancy. Recent upgrades, including a new heating system and water tank, further reduce near-term capital needs. This makes the asset an attractive, low-maintenance addition to any investment portfolio. Current lease is in effect until 09/2027 at $462.35 a month. With a 11% increase in 2027 for 5yrs
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
519 SF
Building Class
C
Year Built
1920
Price
$62,500
Price Per SF
$120.42
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.32 AC
Frontage
100’ on Broadway St
Property Taxes
| Parcel Number | 550000022029000000 | Improvements Assessment | $4,707 |
| Land Assessment | $1,320 | Total Assessment | $6,027 |
Property Taxes
Parcel Number
550000022029000000
Land Assessment
$1,320
Improvements Assessment
$4,707
Total Assessment
$6,027
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Presented by
Madigan & Covey Properties
316 Broadway St
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