4406 W Owen K Garriott Rd - Department Store 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
Department Store - 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

Priced Below Replacement Cost - At a price of $129 PSF, this asset is offered significantly below the cost to replace the building which is approximately $310 PSF (Source: Maxx Builders) Strong Corporate Guarantee from Investment Grade Tenant - Academy Sports (NASDAQ: ASO) is one of the largest sporting goods and outdoors stores in the country and operates over 300 locations with a market cap exceeding $3.5 Billion High Quality Construction on Oversized 5.96 Acre Parcel - Features excellent ingress/egress along W Owen K Garriott Road with a large surface lot providing for ample customer parking Close Proximity to Walmart Supercenter Boasting 2.7 Million Annual Visits and Lowe’s Home Improvement Boasting 801,600 Annual Visitors (Source: Placer.ai) Limited Competition Store - Only Academy Sports & Outdoors within a 50-mile radius of the Property

FOR SALE DETAILS

PRICE

$8,122,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Academy Sports & Outdoors

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

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

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214-674-8126

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