Listing banner image
  • Asking Price
    $2,074,074Asking Price
  • Cap Rate
    6.75%Cap Rate
  • NOI
    $140,000NOI
  • Year Built
    2024Year Built
  • Occupancy
    100%Occupancy
  • Traffic Count
    40000Traffic Count

Description

Single-tenant retail property located at 1807 W. Lindsey St., Norman, OK, offering a stabilized investment opportunity with a 6.75% cap rate and annual NOI of $140,000. The asset consists of a newly constructed 1,775-square-foot restaurant built in 2024 on a 0.42-acre site. The property is 100% occupied under a triple-net (NNN) lease structure, providing minimal landlord responsibilities and predictable income.

Positioned in a high-traffic area with a daily count of 40,000 vehicles, the property benefits from strong visibility in a growing market. Norman, OK, is a dynamic submarket within...

Documents

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

  • Cap Rate
    6.75%
  • NOI
    $140,000

Documents

Property Address

1807 W. Lindsey St.
Norman, OK 73069

Deal Team

Hunter Loncar profile image
Hunter Loncar
Marcus & Millichap
CA RE Lic. 02241402

Description

Single-tenant retail property located at 1807 W. Lindsey St., Norman, OK, offering a stabilized investment opportunity with a 6.75% cap rate and annual NOI of $140,000. The asset consists of a newly constructed 1,775-square-foot restaurant built in 2024 on a 0.42-acre site. The property is 100% occupied under a triple-net (NNN) lease structure, providing minimal landlord responsibilities and predictable income.

Positioned in a high-traffic area with a daily count of 40,000 vehicles, the property benefits from strong visibility in a growing market. Norman, OK, is a dynamic submarket within...

Documents

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

  • Cap Rate
    6.75%
  • NOI
    $140,000

Documents

Property Address

1807 W. Lindsey St.
Norman, OK 73069

Deal Team

Hunter Loncar profile image
Hunter Loncar
Marcus & Millichap
CA RE Lic. 02241402
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