204 S Hominy Ave - Industrial FOR SALE


Skiatook, OK 74070
$720,000 USD
918-693-1673
204 S Hominy Ave, Skiatook, OK for Sale
$720,000 USD
Industrial - FOR SALE
1/22
null | 7.5% Cap Rate

204 S Hominy Ave
Skiatook, OK 74070


HIGHLIGHTS

  • Tenant has occupied the property for more than 10 years.
  • Absolute NNN lease structure transfers operating expenses to the tenant.
  • Lease includes a five-year extension beginning in November 2026.
  • Annual rent increases of 3% provide contractual income growth.
  • Building features two drive-in doors and a climate-controlled interior.

OVERVIEW

204 S Hominy Ave. in Skiatook, Oklahoma presents a single-tenant industrial investment opportunity with an established operating tenant and an absolute NNN lease structure. The property is occupied by H&H Cabinets, which has maintained occupancy for more than 10 years, providing a history of operational continuity. The lease includes a five-year extension term beginning in November 2026 and features annual rent increases of 3%, creating a structured income growth component for future ownership. The industrial facility contains approximately 8,844 square feet on approximately 0.77 acres and was constructed in 2003. Building features include two drive-in doors, LED lighting, a fully climate-controlled interior, and approximately 16-foot clear height. These characteristics support a range of industrial and light manufacturing operations while contributing to the property's long-term functional utility. Located in Skiatook, the asset provides access to the greater Tulsa metropolitan region while serving a local industrial and business base. The combination of an operating industrial facility, long-term tenant occupancy, contractual rent escalations, and a lease extension option positions the property as an income-producing investment with defined lease terms. The offering is marketed at a stated 7.5% cap rate and includes reported net operating income of $54,000 annually, based on the information provided in the source material.

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.77

LAND SF

33,541

ZONING

Commercial

APN/PARCEL ID

570007523

ASK ABOUT THIS PROPERTY

Deren HuangTulsa IndustrialMore Info
918-693-1673

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Deren HuangTulsa IndustrialMore Info
918-693-1673

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