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Two-Tenant Retail Pad 6601-6606 NW Expressway 5,207 SF 100% Leased Retail Building Oklahoma City, OK 73132 $1,873,305 CAD ($359.77 CAD/SF)
Investment Highlights
- 100% Leased - NNN
- Hertz (NASDAQ:HTZ) has operated here since 1998 and ACE Cash Express (Populus Financial Group) since 1992
- Built-In Rent Growth
- Both tenants operate under NNN leases - taxes, insurance and operating expenses are the responsibility of the tenants.
- NW Expressway Frontage
- 3% annual Hertz escalations grow contractual base rent form $89,400 to $96,855 by March 2030 - a 7.20% yield on the list price.
Executive Summary
Two-Tenant Retail Pad - 100% leased | For Sale
$258.00 psf
$1,344,500
Pad Site
Bldgs. 5,207 sf
0.64 acres
$258.00 psf
$1,344,500
Pad Site
Bldgs. 5,207 sf
0.64 acres
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,207 SF
Building Class
C
Year Built
1978
Price
$1,873,305 CAD
Price Per SF
$359.77 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.64 AC
Zoning
I-2 - Moderate Industrial
Parking
15 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
124’ on Expressway St
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140681070 | Improvements Assessment | $37,905 CAD |
| Land Assessment | $22,541 CAD | Total Assessment | $60,446 CAD |
Property Taxes
Parcel Number
140681070
Land Assessment
$22,541 CAD
Improvements Assessment
$37,905 CAD
Total Assessment
$60,446 CAD
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Two-Tenant Retail Pad | 6601-6606 NW Expressway
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