204 S Hominy Ave 8,844 SF Industrial Building Skiatook, OK 74070 $1,004,472 CAD ($113.58 CAD/SF) 7.50% Cap Rate

204 S Hominy Ave. in Skiatook, Oklahoma presents a single-tenant industrial investment opportunity with an established operating tenant and an absolute NNN lease structure. The property is occupied by H&H Cabinets, which has maintained occupancy for more than 10 years, providing a history of operational continuity. The lease includes a five-year extension term beginning in November 2026 and features annual rent increases of 3%, creating a structured income growth component for future ownership.
The industrial facility contains approximately 8,844 square feet on approximately 0.77 acres and was constructed in 2003. Building features include two drive-in doors, LED lighting, a fully climate-controlled interior, and approximately 16-foot clear height. These characteristics support a range of industrial and light manufacturing operations while contributing to the property's long-term functional utility.
Located in Skiatook, the asset provides access to the greater Tulsa metropolitan region while serving a local industrial and business base. The combination of an operating industrial facility, long-term tenant occupancy, contractual rent escalations, and a lease extension option positions the property as an income-producing investment with defined lease terms. The offering is marketed at a stated 7.5% cap rate and includes reported net operating income of $54,000 annually, based on the information provided in the source material.