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28374488
28374487

507 S Woody Guthrie St, Okemah, OK 74859

NG
OK OK 159340
Creek Commercial Realty
ES
OK 134185
Creek Commercial Realty
Listed by Creek Commercial Realty
$525,000
285 days on market
Updated 46 days ago
Opportunity zone

507 s woody guthrie st

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 5,340
Units 4
Cap Rate 9.37%
NOI $49,183
Occupancy 100%
Tenancy Multi
Brand/Tenant SSM Health
Lease Type NNN
Remaining Term 5
Price per SqFt $95
Broker Co-Op Yes
Class C
Year Built 2001
Year Renovated 2022
Buildings 1
Stories 1
Lot Size (SqFt) 20,718
Zoning Commercial Improved
Investment Type Value Add
Tenant Credit Corporate Guarantee

High Cap Rate Below Replacement Cost Retail Center

Marketing description

507 s woody guthrie is listed for $525,000 at a 9.37% cap rate and 11.44% return on equity with a debt coverage ratio of 1.58. The property is listed at $95 per square foot. It features a corporate credit tenant with ssm health that occupies 53% of the property square footage and has a triple net lease in place until 2028. They recently expanded their square footage as well, showing long-term commitment to the property. This investment is a rare opportunity to achieve a high double digit cash on cash return with a corporate medical tenant. Uplift nutrition offers investors a value add component by increasing their rent to market.

Okemah, ok is located approximately 70 miles east of oklahoma city and 65 miles south of tulsa, situated along interstate 40, which is a main east west thoroughfare connecting oklahoma city to arkansas and several vacation destinations in southeast oklahoma. The subject property is located along south woody guthrie street, just a few parcels north of interstate 40. Local area tenants include mcdonald's, sonic, pepino's, and ace hardware. The property is located in close proximity to okemah high school, and it has traffic counts of about 7,000 vehicles per day.

Listing Contacts

NG
OK OK 159340
Creek Commercial Realty
ES
OK 134185
Creek Commercial Realty
Listed by Creek Commercial Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,183.00
$4,098.58/mo

Valuation Metrics

0
DSCR
9.37%
Cap Rate
9.37%
ROI

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Additional Information

Name
Nick Gray
License
OK 159340
Brokerage Phone
4055100079
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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