5820 NW 41st St - Day Care Center FOR SALE


Warr Acres, OK 73122
$3,425,500 USD
734-755-6359
5820 NW 41st St, Warr Acres, OK for Sale
$3,425,500 USD
Day Care Center - FOR SALE
1/8
null | 7% Cap Rate

5820 NW 41st St
Warr Acres, OK 73122


HIGHLIGHTS

  • 15 Year Absolute NNN Lease, No Landlord Responsibilities. Oklahoma City Market!
  • 6% Rental Rate Increases Every 5 Years. Three (5 Year) Options Each | 6% Rent Increase at Each.
  • Corner Site | Seeing 19,210 Cars Per Day. Just Opened in April 2024.
  • 5 Mile Population 202,541 | Expected Growth 3.97%. 1 Mile Average Household Income $59,252.
  • Surrounded by Residential Homes & Businesses | Densely Populated Area.

OVERVIEW

Fortis Net Lease is pleased to present this new 9,281 SF Childcare Network daycare center located in Warr Acres, Oklahoma - part of the Oklahoma City Market! This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 6% rental rate increases every 5 years including at each of the 3 (5 Year) Options. The lease is corporately guaranteed. The store has completed construction and successfully opened for business in April 2024. This Childcare Network benefits from excellent visibility as it is located on the corner of NW 41st Street & N MacArthur Blvd seeing 19,210 cars per day. The site is densely populated and surrounded by homes and businesses. The 5 mile population from the site is 202,541. The 1 mile household income is $59,252. This is area of Oklahoma is seeing a steady growth in population. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 7.00% cap rate based on NOI of $239,785.

FOR SALE DETAILS

PRICE

$3,425,500 USD

PRICE/SF

$419 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Childcare Network

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

C-4

APN/PARCEL ID

188603200

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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