Mini Strip Mall Fully Occupied | 703 N York St
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Mini Strip Mall Fully Occupied 703 N York St
7,589 SF 100% Leased Retail Building Muskogee, OK 74403 $315,000 ($42/SF) 7% Cap Rate
Investment Highlights
- Triple Frontage
- Prominently located
- High-Traffic area
- 18,497 VPD
- Highly desirable lot for development
- Immediate revenue streams
Executive Summary
This retail property sit on approximately .6 Acres and is uniquely situated in a manner where the property front 3 different streets. The property is zoned Local Commercial and fronts Washington, Fredonia & N York Street. The property has 2 exits and 2 entrances also well as a drive thru lane for its quick-service restaurant.
There are five separate tenants across three buildings, all of which have in place a triple net lease, with an average expiration date of 1/30/2026. This prime investment includes income-producing buildings on strategically positioned property, ideal for stabilized income and future redevelopment. With its optimal positioning and existing income potential, this property is a dream for investors and developers alike. Capitalize now on this exceptional opportunity.
There are five separate tenants across three buildings, all of which have in place a triple net lease, with an average expiration date of 1/30/2026. This prime investment includes income-producing buildings on strategically positioned property, ideal for stabilized income and future redevelopment. With its optimal positioning and existing income potential, this property is a dream for investors and developers alike. Capitalize now on this exceptional opportunity.
Data Room Click Here to Access
- Market Information
- Miscellaneous
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,589 SF
Year Built/Renovated
1980/2016
Price
$315,000
Price Per SF
$42
Cap Rate
7%
NOI
$22,050
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Land Acres
0.60 AC
Zoning
C-1 - Local Commercial district is to consist of retail sale businesses, offices & professional service enterprises that provide day-to-day goods & services
Parking
40 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Drive Thru
- Storage Space
- Monument Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Frank-N-Swine
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Town & County Pup
- Services
-
99,999 SF
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Frank-N-Swine | Services | 99,999 SF | - | Lorem Ipsum | - | |
| Town & County Pup | Services | 99,999 SF | - | - | - |
-
Zack Conroy -
Greg Banta -
BANTA Property Group
(405) 840-1600
x13
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Mini Strip Mall Fully Occupied | 703 N York St
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