733 W Petree Rd - Storefront FOR SALE
Anadarko, OK 73005 |
733 W Petree Rd
Anadarko, OK 73005
HIGHLIGHTS
- Attractive Value-Add Investment: Current tenants include Subway, Beyond Nutrition, and Caddo County Guns & Ammo
- Prime Location with Strong Retail Synergy: Positioned adjacent to Petree Plaza, Anadarko’s primary shopping center, and neighboring McDonald’s
- Competitive Rental Rates: Average rent is $7.20 per square foot
- Established Tenancy: Subway has been a tenant for over 34 years and holds one remaining 5-year renewal option with a 5.00% rent increase
- 100% Occupancy: The center is fully leased, offering immediate cash flow with opportunities for rental increases upon lease renewals
- Strong Weighted Average Lease Term (WALT): The property boasts a WALT exceeding 5 years, ensuring stable long-term occupancy
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
SUBWAY STRIP CENTER
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront Retail/Office
TOTAL BUILDING SIZE
4000
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
0047-28-07N-10W-1-055-10
