1807 W. Lindsey St. Retail
  • Size
    1,775 SFSize
  • Occupancy (Summary)
    100%Occupancy (Summary)
  • Year Built
    2024Year Built
  • WALT
    15.00 YearsWALT
  • Cap Rate
    6.75%Cap Rate

Description

HTeaO with Dual Drive-Thru is a newly constructed retail property located at 1807 W. Lindsey Street in Norman, Oklahoma. The asset spans 1,775 square feet on a 0.42-acre parcel and was built in 2024, offering modern construction, efficient design, and excellent functionality. The property features 100% occupancy and benefits from a prime location with 100 feet of frontage along a high-traffic corridor, with a daily traffic count of 26,900 vehicles.

This retail site is strategically positioned within the Norman market, providing strong visibility and accessibility. The investment opportunity is offered at an asking price of $2,074,074, with a price per square foot of $1,168 and an in-place cap rate of 6.75%. The property delivers a stable net operating income (NOI) of $140,000 annually, ensuring predictable cash flow.

With market-aligned rents and robust tenant occupancy, this asset presents a compelling opportunity for investors seeking stabilized yield in a growing submarket. The dual drive-thru configuration further enhances tenant operations and positions the property for sustained performance within a high-demand retail environment.

Offering Summary

  • Asking Price
    $2,074,074
  • Price PSF
    $1,168
  • Property Type
    Retail
  • Size
    1,775 SF
  • Occupancy
    100%
  • Built
    2024
  • Total Acres
    ~0.42 ac

Sale Details

  • Walt
    15 Years
  • Cap Rate
    6.75%
  • NOI
    $140,000
  • In-Place Cap Rate
    6.75%
  • In-Place NOI
    $140,000

Documents

Property Address

1807 W. Lindsey St.
Norman, OK 73069

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2024
  • Lease Type
    Absolute Net, NNN
  • Ownership Interest
    Fee Simple
  • Frontage (ft)
    100 ft
  • Traffic Count
    26,900 AADT
  • Acres
    0.42

Deal Team