Listed by Herndon & Kelley Commercial Real Estate Tulsa
$7,300,000
Danforth Square
Details
Property Type Retail
Sub Type Restaurant
Square Footage 74,412
Cap Rate 6.43%
NOI $469,627
Occupancy 98.4%
Tenancy Multi
Lease Type NNN
Price per SqFt $98
Year Built 1999
Acreage 8.990
Hobby Lobby recently renewed lease.
Marketing description
For sale
Investment highlights
- All Nine Tenants are on Triple-Net Leases.
- Hobby Lobby Executed Recent 7 Year Renewal.
- Consistent Growth in Local Population & Income.
- Excellent Owner/Manager Maintenance Program.
- 100% Occupancy as of July/2022.
- Local Dynamics from Parks, Schools & Retailers..
- Potential Under Market Rent Opportunity.
Listing Contacts
Listed by Herndon & Kelley Commercial Real Estate Tulsa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$469,627.00
$39,135.58/mo
Valuation Metrics
0
DSCR
6.43%
Cap Rate
6.43%
ROI
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