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6810-6816 NW 23rd St 18,200 SF 88% Leased Retail Building Bethany, OK 73008 $1,562,500 ($85.85/SF) 8% Cap Rate



INVESTMENT HIGHLIGHTS
- Great Property with huge upside
- Large Pylon Sign at street
- 8% actual going in CAP rate
EXECUTIVE SUMMARY
Peach Tree Center is an 18,200 sf mixed use retail and office shopping center. There are a total of 13 units (some combined) with 12 current tenants. The property consists of three (3) separate brick buildings and sits on approx. 1.96 acres. The leases are currently all base rent only (no NNN), with one vacancy of 1,200 sf, giving new ownership the ability to modify the leases over time to true NNN and increase the NOI and cash flow. There are two (2) ingress/egress driveways fronting on NW 23rd, one pylon sign and two buildings have newer TPO roofs (3 yrs. approx.) A going in CAP rate of 8% with substantial upside to generating more revenue thru active management makes this a very attractive asset for any investors portfolio.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,200 SF
Building Class
C
Year Built
1984
Price
$1,562,500
Price Per SF
$85.85
Cap Rate
8%
NOI
$125,000
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.96 AC
Zoning
Commercial - Retail - Office
Parking
90 Spaces (4.95 Spaces per 1,000 SF Leased)
Frontage
240’ on 23rd St
AMENITIES
- Pylon Sign
- Signage
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 172872280 | Improvements Assessment | $85,087 |
| Land Assessment | $13,702 | Total Assessment | $98,789 |
PROPERTY TAXES
Parcel Number
172872280
Land Assessment
$13,702
Improvements Assessment
$85,087
Total Assessment
$98,789
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6810-6816 NW 23rd St
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