North Hills Shopping Center | 1300-1320 N Hills Shopping Center
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North Hills Shopping Center 1300-1320 N Hills Shopping Center
85,153 SF 100% Leased Retail Building Ada, OK 74820 $4,273,007 ($50/SF) 7.75% Cap Rate
Investment Highlights
- Great Location
Executive Summary
North Hills Retail Center is a three tenant, 100% occupied retail center located in Ada, Oklahoma. The three tenants (2 national, 1 regional) occupy the entire 85,513 SF of the Property which was built in 1994 and renovated in 2012. The Property has great visibility as well as three (3) ingress/egress driveways off of Lonnie Abbott Blvd. There is one large back-lit pylon sign at the street. Sitting on 8.6 acres, there is an abundance of parking. North Hills Shopping Center lies in the heart of Ada, Oklahoma and is across the street from a super wal-mart, with East Central University (4 yr. college), restaurants and other national retailers all in the immediate area. There is upside income through base rental increases for each renewal option. This is a great opportunity to own a wonderful and stable asset at a great going in price. Priced at $49.97/psf
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
85,153 SF
Building Class
C
Year Built/Renovated
1994/2016
Price
$4,273,007
Price Per SF
$50
Cap Rate
7.75%
NOI
$331,158
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
8.66 AC
Zoning
Commercial - Commercial
Parking
577 Spaces (6.78 Spaces per 1,000 SF Leased)
Frontage
250 FT on Lonnie Abbott Blvd.
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0525-27-004-006-0-048-00 | Improvements Assessment | $211,788 |
| Land Assessment | $64,991 | Total Assessment | $276,779 |
PROPERTY TAXES
Parcel Number
0525-27-004-006-0-048-00
Land Assessment
$64,991
Improvements Assessment
$211,788
Total Assessment
$276,779
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North Hills Shopping Center | 1300-1320 N Hills Shopping Center
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