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Grandview Shopping Center 601-621 W Grand Ave 19,641 SF 100% Leased Retail Building Chickasha, OK 73018 $3,750,000 ($190.93/SF) 6.55% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic
- Rent Rate Growth value Add
- Central business District
EXECUTIVE SUMMARY
98% occupied Community Retail Center. Well located on W Grand Ave. in Chickasha OK. Close to Hwy 81 corridor and University. Long-term Tenants. Excellent mix of National, regional, and local tenants. New development behind the property adds more commercial opportunity—6.3 acres with 2 additional out pads and food truck hookup. Long-term $1.5m loan @ 5% could possibly be assumed by qualified Buyer.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,641 SF
Building Class
B
Year Built
1983
Price
$3,750,000
Price Per SF
$190.93
Cap Rate
6.55%
NOI
$245,533
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
6.24 AC
Zoning
C5
Parking
500 Spaces (25.46 Spaces per 1,000 SF Leased)
Frontage
266’ on Grand Ave
AMENITIES
- Freeway Visibility
- Signalized Intersection
- Kiosk/Cart Space
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C290-00-001-001-0-001-00 | Improvements Assessment | $78,131 |
| Land Assessment | $16,136 | Total Assessment | $94,267 |
PROPERTY TAXES
Parcel Number
C290-00-001-001-0-001-00
Land Assessment
$16,136
Improvements Assessment
$78,131
Total Assessment
$94,267
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Grandview Shopping Center | 601-621 W Grand Ave
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