For Sale
$1,134,000

817 12Th StMoore, OK 73160

Oklahoma Retail Property - Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
112
This 8,320-square-foot freestanding Family Dollar store in Moore, Oklahoma, presents a compelling investment opportunity. Built in 2019 and boasting a 7.50% cap rate and $85,000 NOI, the property benefits from a corporate-guaranteed, single-tenant lease with a remaining term of 6.5 years. The lease, commencing March 31, 2019, and expiring March 30, 2029, includes six five-year renewal options with built-in rent bumps. The property is situated on NW 12th Street, a high-traffic area with over 32,000 vehicles daily, in a rapidly growing suburb of Oklahoma City. Its proximity to downtown Oklahoma City, Will Rogers International Airport, and Tinker Air Force Base further enhances its desirability. The tenant, Family Dollar, is responsible for all taxes, insurance, and maintenance expenses (NNN). This renovated property offers a secure, long-term investment with significant upside potential due to the lease terms and location in a densely populated area. The asking price is $1,134,000.

Highlights

  • 2019 Renovation.
  • Triple Net (NNN) Lease.
  • High Traffic Count: 32,000+ Vehicles Daily.

Property Details for 817 12Th St

Property type
Retail properties, Retail space
Year Renovated
2019

Location Insight

City
Moore
County
Cleveland
State
Oklahoma
Latitude
35.3487764
Longitude
-97.50507439
817 12Th St, Moore, Oklahoma

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817 12Th St
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