719 E State Highway 152 - Retail FOR SALE


Mustang, OK 73064
$1,951,000 USD
714-878-6004
719 E State Highway 152, Mustang, OK for Sale
$1,951,000 USD
Retail - FOR SALE
1/8
null | 6.15% Cap Rate

719 E State Highway 152
Mustang, OK 73064


HIGHLIGHTS

  • 17-Years Remaining | Franchisee-Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Excellent Frontage Visbility | Dense Retail Corridor |Adjacent to a Lowe’s-Anchored Center | High Traffic Counts
  • High-Growth Suburb | Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, HTeaO investment property located in Mustang, Oklahoma. The tenant, HTeaO has 17 years remaining on the initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a investor.

FOR SALE DETAILS

PRICE

$1,951,000 USD

PRICE/SF

$862 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HTeaO | 17yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

Commercial

APN/PARCEL ID

090006061

ASK ABOUT THIS PROPERTY

Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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