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415 E 9th St 8,320 SF Retail Building Weleetka, OK 74880 $1,127,141 ($135.47/SF) 8.50% Cap Rate
Investment Highlights
- 2016 build-to-suit construction for Family Dollar
- ±4.50 years remaining on the base term of an initial 15-year lease
- The subject property is located on the main thoroughfare of Weleetka
- Rare Absolute NNN Lease | Zero Landlord Responsibilities
- Limited Competition – the nearest dollar store is over 10 miles away
- Six, 5-year extension periods all of which include attractive rental increases
Executive Summary
Broker of Record
Kyle Matthews
License # License # 180759, 180760 (OK)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # License # 180759, 180760 (OK)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Price
$1,127,141
Price Per SF
$135.47
Cap Rate
8.50%
NOI
$95,807
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.04 AC
Zoning
C-2
Frontage
25’ on 9TH ST
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0201-00-031-001-0-001-00 | Improvements Assessment | $92,451 |
| Land Assessment | $5,336 | Total Assessment | $97,787 |
Property Taxes
Parcel Number
0201-00-031-001-0-001-00
Land Assessment
$5,336
Improvements Assessment
$92,451
Total Assessment
$97,787
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415 E 9th St
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