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Vasa Fitness | 7.25% Cap | $8.32M 4106 S Western Ave 50,000 SF 4-Star Retail Building Oklahoma City, OK 73109 $11,503,487 CAD ($230.07 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Dominant Market Share Between Two OKC Locations
- Low Rent & Below Replacement Value
- #1 Walmart Neighborhood Market in OKC Evidences the Excellent Intersection
- Strategic Store Spacing for Market Coverage
- A Major Medical Campus Complements VASA
- Growing City, Low Cost of Living & Excellent Rating
EXECUTIVE SUMMARY
The NNN Fitness Group of Marcus & Millichap is pleased to present a single-tenant prototype VASA Fitness in Oklahoma City, OK. The lease term features over 10 years remaining with (3) 5-year options to renew. This location has tremendous foot traffic; top 6% of health clubs nationwide and ranks as the #7 fitness center in Oklahoma City MSA, according to Placer.ai foot traffic. VASA Fitness is prominently located across the street from the 31-acre INTEGRIS Southwest Medical Center and adjacent to the #1 Walmart Neighborhood Market in the state of Oklahoma, at the excellent intersection of S Western Ave and SW 44th St with a combined VPD of 33,550.
VASA Fitness brand dominates Oklahoma City with 1.37 million annual customer visits to the two highest-grossing gyms in the market. Southern Oklahoma City provides an incredibly captive customer base for the Property as there is no other +25,000-SF health club that is located within 5 miles of the Property, south of Oklahoma River. Oklahoma City is a growing city with an excellent rating, Moody’s ranking of Aaa, reflecting the city’s large and stable economy.
VASA Fitness brand dominates Oklahoma City with 1.37 million annual customer visits to the two highest-grossing gyms in the market. Southern Oklahoma City provides an incredibly captive customer base for the Property as there is no other +25,000-SF health club that is located within 5 miles of the Property, south of Oklahoma River. Oklahoma City is a growing city with an excellent rating, Moody’s ranking of Aaa, reflecting the city’s large and stable economy.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
50,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$11,503,487 CAD
Price Per SF
$230.07 CAD
Cap Rate
7.25%
NOI
$834,003 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
5.00 AC
Zoning
C-3 - Commercial
Parking
196 Spaces
Frontage
439’ on Southwest 39th Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 109904205 | Improvements Assessment | $1,080,440 CAD |
| Land Assessment | $174,698 CAD | Total Assessment | $1,255,138 CAD |
PROPERTY TAXES
Parcel Number
109904205
Land Assessment
$174,698 CAD
Improvements Assessment
$1,080,440 CAD
Total Assessment
$1,255,138 CAD
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Vasa Fitness | 7.25% Cap | $8.32M | 4106 S Western Ave
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