4406 W Owen K Garriott Rd - Retail FOR SALE


Enid, OK 73703
$8,122,000 USD
214-674-8126
4406 W Owen K Garriott Rd, Enid, OK for Sale
$8,122,000 USD
Retail - FOR SALE
1/3
null | 7.75% Cap Rate

4406 W Owen K Garriott Rd
Enid, OK 73703


HIGHLIGHTS

  • Priced Below Replacement Cost
  • Strong Corporate Guarantee from Investment Grade Tenant
  • High Quality Construction on Oversized 5.96 Acre Parcel

OVERVIEW

This single-tenant retail asset at 4406 W Owen K Garriott Rd in Enid, Oklahoma presents a rare opportunity to acquire a corporately guaranteed lease with Academy Sports & Outdoors, one of the nation’s leading sporting goods retailers. The property spans 62,943 SF on a generous 5.96-acre parcel and is strategically positioned along Enid’s primary east-west corridor, boasting over 20,000 vehicles per day and excellent ingress/egress. The lease commenced in March 2017 and runs through February 2032, with three five-year renewal options and built-in rent escalations. The current NOI is $629,430, with a cap rate of 7.75%, offering stable cash flow and long-term upside. The building was renovated in 2016 and features high-quality construction with a large surface parking lot. Surrounded by national retailers including Walmart, Lowe’s, ALDI, Chick-fil-A, and PetSmart, the property benefits from strong co-tenancy and regional draw. It is also less than two miles from Vance Air Force Base, which employs over 2,600 personnel, contributing to consistent traffic and economic vitality in the area. The surrounding residential market includes over 53,000 residents within a seven-mile radius, with an average household income of $81,908. This asset is the only Academy Sports & Outdoors within a 50-mile radius, reinforcing its regional significance and competitive positioning. With a corporate-backed lease and location in a densely developed retail corridor, this offering is ideal for investors seeking a stable, income-producing asset with long-term growth potential.

FOR SALE DETAILS

PRICE

$8,122,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Academy Sports & Outdoors

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

263

LAND DETAILS

LAND ACRES

5.96 AC

LAND SF

259,618 SF

ZONING

-

APN/PARCEL ID

3148-00-001-002-0-002-00

ASK ABOUT THIS PROPERTY

214-674-8126

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

214-674-8126

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