For Sale
$1,100,000

3916 36Th StOklahoma City, OK 73112

High-traffic, 100% occupied multi-tenant retail/office complex

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a stabilized, multi-tenant retail and office complex ideally situated in a high-traffic area of Northwest Oklahoma City. The property comprises two buildings totaling 7,115 net rentable square feet on a 0.64-acre lot, currently boasting 100% occupancy across six units with a remaining lease term of three years. Building 1, a prime retail space, features five leased units offering versatile layouts suitable for various retail displays or office configurations. Building 2 provides flexible space, including a 400-square-foot climate-controlled office, also currently under lease. The property benefits from ample parking, recently expanded and restriped, with additional gravel parking available behind Building 2. A well-maintained monument sign enhances visibility. Constructed in 2004, this low-maintenance property is zoned PUD and offers a strong NOI of $82,000, resulting in a 7.45% cap rate. The asking price is $1,100,000, translating to $154.60 per square foot. This property presents a compelling investment opportunity for both investors and owner-users seeking a well-positioned, high-performing asset in a desirable Oklahoma City location. The property's proximity to major interstates and shopping districts further enhances its appeal and potential for long-term growth. The property is a NNN lease.

Highlights

  • $1,100,000 asking price for a stabilized retail investment property.
  • 7,115 square feet of net rentable space in a multi-tenant building with six tenants.
  • 100% occupancy with a 7.45% cap rate and $82,000 annual NOI.
  • Located in Oklahoma City, OK, at 3916 NW 36th St, on a 0.64-acre lot, with ample parking.
  • Features two single-story buildings built in 2004, zoned PUD.
  • NNN lease type with a remaining lease term of 3 years.

Property Details for 3916 36Th St

Property type
Retail properties, Office properties
Square Feet
7,115 SF
Year Built
2004
Buildings
2
Stories
1
Lot Size (sq. ft)
27,878 SF
Units
6

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.50783851
Longitude
-97.5888594
3916 36Th St, Oklahoma City, Oklahoma

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3916 36Th St
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