16399 W US Highway 66 - Light Distribution FOR SALE


El Reno, OK 73036
$2,833,000 USD
949-520-1050
16399 W US Highway 66, El Reno, OK for Sale
$2,833,000 USD
Light Distribution - FOR SALE
1/9
null | 6.3% Cap Rate

16399 W US Highway 66
El Reno, OK 73036


HIGHLIGHTS

  • Brand New 10 Year Lease | Corporate Guaranteed (NYSE: SITE) | Annual Rental Increases
  • NN+ | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Industrial Corridor | Access off I-40 (51K+ VPD)
  • Strong Demographics In 10-Mile Trade Area | Oklahoma City MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a new construction, corporate guaranteed (NYSE: SITE | S&P: BB), SiteOne Landscape Supply investment property located in El Reno, Oklahoma (Oklahoma City MSA). The tenant, SiteOne Landscape Supply, LLC, recently signed a brand new 10 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, providing a strong hedge against inflation. The lease is NN+ with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. SiteOne is a premier provider in the landscape supply industry, boasting a market capitalization of nearly $6.5 billion and an extensive network of over 690 locations nationwide. The property is situated on a large 9+ acre parcel, featuring approximately 2.75 acres of outdoor storage, providing ample space for equipment, inventory, and operational flexibility.

FOR SALE DETAILS

PRICE

$2,833,000 USD

PRICE/SF

$1,205 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SiteOne Landscape Supply

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

UTILITIES

Gas - Propane, Water - Well, Sewer - Septic Field

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

9.29

LAND SF

404,672

ZONING

I-2

APN/PARCEL ID

090023075

ASK ABOUT THIS PROPERTY

Dave FarisSRS National Net LeaseMore Info
949-520-1050

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Dave FarisSRS National Net LeaseMore Info
949-520-1050

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