13001 E 116th St N - Retail FOR SALE


Owasso, OK 74055
$2,090,000 USD
650-279-5790
13001 E 116th St N, Owasso, OK for Sale
$2,090,000 USD
Retail - FOR SALE
1/5
null | 5.5% Cap Rate

13001 E 116th St N
Owasso, OK 74055


OVERVIEW

Newly constructed in 2023, there is approximately 12.5 years remaining on the corporate backed lease with 10% fixed rent increases every 5 years. Located directly across the street is a Wal Mart Neighborhood Market. Other national retailers in the surrounding area include: Family Dollar, AutoZone, Walgreen's, Discount Tire, Taco Bell, McDonald's, Sonic and Starbuck's. This Dutch Bros is being sold with "fee simple" interest so an investor has tax benefits depreciating the improvements. Dutch Bros (NYSE:BROS) operates over 1,000 locations in 18 states.

FOR SALE DETAILS

PRICE

$2,090,000 USD

PRICE/SF

$2,200 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

Ag

APN/PARCEL ID

91404-14-04-42710

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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