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14040 Joel McDonald Dr

16,000 SF 27% Leased Retail Building Oklahoma City, OK 73134 $3,499,000 ($219/SF) 7.59% Cap Rate

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Executive Summary

This location has a wonderful location with strong local demographics just off the Turnpike and N. May Ave. It is located just a few hundred feet from Quail Springs Mall. The building is 100% leased by well established businesses. Overall, the space has a wonderful blend of modern and traditional architecture and design both inside and out. This space offers much with lounge areas, conference rooms, offices, well maintained restrooms, open retail spaces. All of the glass overhead doors are operation and provide the user with some unique opportunities to market and merchandise. The building has an extremely "flexible" layout so future developments can be fast and easy. **Please note that Landlords have reached agreement with Toons USA (tenant) to move to one of Landlord's alternate locations if new owner wishes to owner-occupy that portion of the building. If owner does not wish to occupy, leases (which are both in good-standing) will remain. Owners are sellers. Please call Jake with any questions or for a showing @ (918) 399-3292.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

16,000 SF

Building Class

Year Built/Renovated

2014/2021

Price

$3,499,000

Price Per SF

$219

Cap Rate

7.59%

NOI

$265,574

Percent Leased

27%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.32

Land Acres

1.14 AC

Zoning

C-3

Parking

60 Spaces (3.75 Spaces per 1,000 SF Leased)

Frontage

309 FT on 140th

Retailer
99,999 SF
-
-

Founded in Oklahoma in 1986, Golf USA began franchising operations in 1989 with the goal of bringing quality golf equipment, club repair, and outstanding service to golfers throughout the world. With a strong emphasis on customer service and great brands, Golf USA franchise stores have had a long history of success in many markets across the United States. Golf USA stores range from 2,500 to 7,500 square feet in size and carry a large selection of name brand equipment. Most stores offer club repair, along with custom club and ball fitting services to enhance a player’s overall performance. Golf USA locations are individually owned and operated, in most cases by an owner that is local to that community. This local bond has been a key component in the success that many stores have experienced. A typical Golf USA owner is not only involved with their store, but their entire community.

Retailer
99,999 SF
-
-

When it comes to expertly crafted pontoon boats, Toons is where price meets quality. They have the best value and best service in the boating industry.