Listed by NAI Red
$5,150,000
3 Strands-4848 Northwest Expressway
Details
Property Type Retail
Sub Type Storefront
Square Footage 35,000
Cap Rate 8.18%
NOI $421,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $147
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 3.450
Ground Lease No
Single Tenant NNN Retail Box - Below Market Rent
Marketing description
- Cap Rate: 8.18%
- NOI: $421,500
- Highest Traffic Count in OKC: NW Expressway has the highest traffic count of any arterial street in Oklahoma City with over 55,000 VPD
- Recent Trader Joe’s Opening: Trader Joe’s recently opened their second store in Oklahoma City 1.5 miles from the subject property at NW Expressway and Rockwell Ave
- Dense Residential Area: 110,000+ Households within a 5-mile Radius
- 3 Strands Vintage Antique Mall is a 35,000 SF shopping destination with over 120 unique vendors. The mall offers a “treasure hunt” type atmosphere with vendors rotating their inventory constantly. The business was opened by Cindy & Dusty Gardner in January of 2024 and are highly involved in the daily operations. Their focus has been on the community and charity, notably giving a percentage of their sales to the Toby Keith Foundation’s OK Kids Korral
Listing Contacts
Listed by NAI Red
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$421,500.00
$35,125.00/mo
Valuation Metrics
0
DSCR
8.18%
Cap Rate
8.18%
ROI
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