12707 E 86th Pl N - Retail FOR SALE


Owasso, OK 74055
$2,960,000 USD
972-860-9920
12707 E 86th Pl N, Owasso, OK for Sale
$2,960,000 USD
Retail - FOR SALE
1/5
null | 5.75% Cap Rate

12707 E 86th Pl N
Owasso, OK 74055


OVERVIEW

Brand New 2022 Construction | 16 Years Remaining on a 20-Year NNN Lease Commencing June 2022, Plus Three 5-Year Renewal Options Extending Potential Occupancy Through 2057 True NNN Lease | Tenant Responsible for Roof & Structure, Delivering Passive, Management-Free Ownership With No Landlord Capital Obligations or Operating Expense Exposure Scheduled 8% Rent Increase in June 2027 Lifts the Going-In Yield From 5.75% to Approximately 6.21%, a ~46 Basis Point Increase Directly Across from Owasso High School | One of the Largest High Schools in Oklahoma With Approximately 3,000 Students in Grades 9–12, Driving a Built-In Daytime Customer Base And Strong Lunch-Daypart Traffic for the Tenant McAlister’s Deli | 500+ Restaurants Across 29 States And a Flagship Brand Within GoTo Foods, the Roark Capital-Owned Platform Operating Over 7,400 Locations in All 50 States And 71 Countries Affluent, Fast-Growing Owasso, OK | Third Largest City in the Tulsa Metro And One of the Fastest-Growing in the State, up More than 17% Since the 2020 Census Strong Household Demographics | Median Household Income Approaching $80,000 With Steady ~2.5% Annual Population Growth Within an Established Upscale Retail Corridor Just North of Tulsa

FOR SALE DETAILS

PRICE

$2,960,000 USD

PRICE/SF

$941 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McAlister's Deli

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

CS

APN/PARCEL ID

61245-14-20-22080

ASK ABOUT THIS PROPERTY

Adam GottschalkSUMMIT REMore Info
972-860-9920

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Adam GottschalkSUMMIT REMore Info
972-860-9920

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.