The HTeaO property in Oklahoma City offers institutional investors an exceptional opportunity to acquire a stabilized retail asset with strong financial metrics. Located at 1400 NW 23rd Street, this 2,527 SF single-tenant restaurant property was constructed in 2022 and is positioned on a 0.45-acre site in a high-traffic corridor with 40,000 vehicles passing daily.

The asset benefits from 100% occupancy, with a long-term NNN lease structure in place, ensuring predictable cash flow. This offering boasts a competitive 6.75% cap rate and generates a net operating income (NOI) of $120,000 annually. The price per square foot is $704, with a gross rent multiplier (GRM) of 14.8, presenting an attractive entry point for retail-focused investors. Situated within a dynamic retail submarket in Oklahoma City, the property enjoys robust market fundamentals and premium visibility.

With stabilized returns and potential upside tied to market rent growth, this asset represents an excellent addition to a portfolio seeking secure income and retail exposure.

HTEAO | Oklahoma City 1400 NW 23rd StOklahoma City, OK 73106

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Description

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Offering Summary

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Property Address

Property Details

Property Details

Deal Team

HTEAO | Oklahoma City 1400 NW 23rd St
Oklahoma City, OK 73106