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100% Occupied Retail Center 900 E Prospect Ave 12,160 SF 87% Leased Retail Building Ponca City, OK 74601 $2,315,688 CAD ($190.43 CAD/SF) 7.56% Cap Rate



INVESTMENT HIGHLIGHTS
- Major Retail Corridor
- Heavily Traveled Corridor
- Stabilized Tenant Base
EXECUTIVE SUMMARY
The property fronts East Prospect Street and is adjacent to Aldi. The property is on a heavily traveled retail corridor and is surrounded by national retailers including a Walmart Supercenter, Atwoods, Tractor Supply, Chili's, Hobby Lobby, Burger King and Schloltzsky's.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$198,912
|
$16.36
|
| Other Income |
$23,490
|
$1.93
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$222,402
|
$18.29
|
| Taxes |
$16,007
|
$1.32
|
| Operating Expenses |
$31,328
|
$2.58
|
| Total Expenses |
$47,335
|
$3.89
|
| Net Operating Income |
$175,067
|
$14.40
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $198,912 |
| Annual Per SF | $16.36 |
| Other Income (CAD) | |
|---|---|
| Annual | $23,490 |
| Annual Per SF | $1.93 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $222,402 |
| Annual Per SF | $18.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,007 |
| Annual Per SF | $1.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,328 |
| Annual Per SF | $2.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,335 |
| Annual Per SF | $3.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $175,067 |
| Annual Per SF | $14.40 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Check ‘n Go is a consumer financial services company specializing in short-term lending solutions, including payday loans, installment loans, and check-cashing services. Founded in 1994 in Covington, Kentucky, the company expanded rapidly and now operates hundreds of retail locations across multiple states, as well as an online platform. Check ‘n Go is part of CNG Holdings, a privately held financial services group headquartered in Cincinnati, Ohio. The company focuses on providing accessible credit options for individuals who may not qualify for traditional banking products.
-
- Services
- 1,520 SF
- $16.59 CAD
- Triple Net
- Mar 2027
- K&K Nail & Spa
- Services
- 1,520 SF
- $17.46 CAD
- Modified Gross
- Mar 2028
Extensive oral care for people of all ages Professional orthodontic care for the whole family With over 5 years of experience in the dental industry, Ponca Smiles is your ideal clinic for top-quality orthodontic care. Whether you’re looking for designer braces or Invisalign, we have all your orthodontic needs covered.
Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.
- Vapor 100
- -
- 2,710 SF
- $13.77 CAD
- Modified Gross
- Feb 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Finance and Insurance | 1,520 SF | $17.97 CAD | Triple Net | Feb 2028 | |
|
Services | 1,520 SF | $16.59 CAD | Triple Net | Mar 2027 | |
| K&K Nail & Spa | Services | 1,520 SF | $17.46 CAD | Modified Gross | Mar 2028 | |
|
Health Care and Social Assistance | 1,850 SF | $16.59 CAD | Triple Net | Feb 2027 | |
|
Accommodation and Food Services | 1,520 SF | $19.36 CAD | Triple Net | Dec 2027 | |
| Vapor 100 | - | 2,710 SF | $13.77 CAD | Modified Gross | Feb 2027 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
1,520 square feet of office or retail space available for lease.
| Space | Size | Space Use | Position | Available |
| 900 | 1,520 SF | Office/Retail | - | Now |
900
| Size |
| 1,520 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
900
| Size | 1,520 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
1,520 square feet of office or retail space available for lease.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $294,749 CAD | |
| Land Assessment | $56,507 CAD | Annual Taxes | $16,007 CAD ($1.32 CAD/SF) |
| Improvements Assessment | $238,242 CAD | Tax Year | 2024 |
PROPERTY TAXES
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100% Occupied Retail Center | 900 E Prospect Ave
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