1500 N Santa Fe Ave - Assisted Livings FOR SALE
Edmond, OK 73003 |
$1,725,000 USD
949-270-8229
1500 N Santa Fe Ave
Edmond, OK 73003
HIGHLIGHTS
- 15-Year Sale Leaseback | Scheduled Rental Increases | N. Santa Fe Ave (13,100 VPD) | Corporate Signed
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Surrounding Retail Synergy | Outparcel to Kohl’s Excellent Visibility & Access
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Growing Edmond Submarket | Oklahoma City Metro Location
OVERVIEW
• Tenant will sign a 15-year lease at the close of escrow
• 10% rental increases every 5-years throughout the initial term
• Located along N. Santa Fe Avenue, which averages 13,100 vehicles per day, providing strong visibility and accessibility
• Lease is corporate signed by Magnolia Assisted Living, LLC
FOR SALE DETAILS
PRICE
$1,725,000 USD
PRICE/SF
$98 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Magnolia Assisted Living | New 15yr Abs NNN
PROPERTY TYPE
Health Care
PROPERTY SUBTYPE
Assisted Livings
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
2.41 AC
LAND SF
104,975 SF
ZONING
E-1
APN/PARCEL ID
180482010
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949-270-8229
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949-270-8229
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