316 Broadway St - Retail FOR SALE


Sparks, OK 74869
$62,500 USD
405-642-7566
316 Broadway St, Sparks, OK for Sale
$62,500 USD
Retail - FOR SALE
1/13
null | Request Cap Rate

316 Broadway St
Sparks, OK 74869


HIGHLIGHTS

  • Long-term 15-year USPS lease beginning 2027
  • National credit-tenant with dependable payment history
  • Recent building improvements reduce future expenses
  • Strong tenant retention and operational stability
  • Ideal passive, low-maintenance investment

OVERVIEW

This USPS-leased property offers a stable, long-term investment backed by a nationally recognized credit-tenant. The tenant has never missed a payment, providing reliable income and minimal owner oversight. A newly signed 15-year lease beginning in 2027 ensures strong future cash flow and long-term occupancy. Recent upgrades, including a new heating system and water tank, further reduce near-term capital needs. This makes the asset an attractive, low-maintenance addition to any investment portfolio. Current lease is in effect until 09/2027 at $462.35 a month. With a 11% increase in 2027 for 5yrs

FOR SALE DETAILS

PRICE

$62,500 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

-

APN/PARCEL ID

550000022029000000

ASK ABOUT THIS PROPERTY

Seth CoveyMadigan & Covey PropertiesMore Info
405-642-7566

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Seth CoveyMadigan & Covey PropertiesMore Info
405-642-7566

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