Michael Cagen, L.L.C.
Listed by Michael Cagen, L.L.C.
$8,500,000
Frontier Justice
Details
Property Type Retail
Sub Type Storefront
Square Footage 20,890
Net Rentable (SqFt) 20,890
Cap Rate 8.5%
NOI $722,539
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 19.1
Lease Expiration 11/30/2042
Remaining Term 16.4
Rent Bumps Yes
Lease Options 4 x 5 year options
Price per SqFt $407
Class A
Year Built 2023
Acreage 1.970
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/07/2023
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback
Retail | 8.50% CAP | 20,890 SqFt
Marketing description
Located in Tulsa County, Oklahoma, is this 20,890-square foot absolute net-lease opportunity with brand new state of the art construction. This building sits upon 1.97 acres at the South East corner of the highway interchange of I-75 and West 96th Street, in Jenks, Oklahoma.
Investment highlights
- 3-Year Corporate Rent Guarantee from Ambassador Enterprises, a $2+ Billion in Revenue Private Equity Venture
- 16+ Year Absolute Triple-Net Lease with Two Percent Annual Increases, Each Year Starting in Year 2029. (Zero Landlord Obligations)
- Corporately Guaranteed by Frontier Justice, LLC
- New Construction Soft Opening Occurred on 11/15/2023
- The State of Oklahoma Has the 11th Highest Rate of Households with Gun Ownership
- Growing Affluent Area
- Internet/Recession Resistant Business
- Excellent Highway Visibility
- Easy Access and Generous Parking
Listing Contacts
Michael Cagen, L.L.C.
Listed by Michael Cagen, L.L.C.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$722,539.00
$60,211.58/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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