Listing banner image
  • Asking Price
    $1,777,777Asking Price
  • NOI
    $120,000NOI
  • Cap Rate
    6.75%Cap Rate
  • WALT
    15.00 YearsWALT
  • GRM
    14.80GRM
  • Year Built
    2023Year Built

Description

Newly constructed in 2023, this 3,304-square-foot retail asset is fully occupied and strategically located at 3304 N. Kickapoo Ave in Shawnee, Oklahoma. Situated on 0.80 acres, the property benefits from a high-traffic count of 28,000 vehicles daily, offering strong visibility and accessibility within the market.

This single-story restaurant building presents a stabilized investment opportunity in a growing submarket. The property is offered at a 6.75% cap rate, with a stabilized NOI of $120,000 and a GRM of 14.8. The asking price is $1,777,777, equating to $538 per square foot. Fully...

Documents

Offering Summary

  • Asking Price
    $1,777,777
  • Price PSF
    $538
  • Property Type
    Retail
  • Size
    3,304 SF
  • Available
    3,304 SF
  • Occupancy
    100%
  • Built
    2023
  • Total Acres
    ~0.80 ac

Sale Details

  • Walt
    15 Years
  • Cap Rate
    6.75%
  • NOI
    $120,000
  • GRM
    14.80
  • Potential GRM
    12

Documents

Property Address

3304 N. Kickapoo Ave
Shawnee, OK 74804

Deal Team

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

Description

Newly constructed in 2023, this 3,304-square-foot retail asset is fully occupied and strategically located at 3304 N. Kickapoo Ave in Shawnee, Oklahoma. Situated on 0.80 acres, the property benefits from a high-traffic count of 28,000 vehicles daily, offering strong visibility and accessibility within the market.

This single-story restaurant building presents a stabilized investment opportunity in a growing submarket. The property is offered at a 6.75% cap rate, with a stabilized NOI of $120,000 and a GRM of 14.8. The asking price is $1,777,777, equating to $538 per square foot. Fully...

Documents

Offering Summary

  • Asking Price
    $1,777,777
  • Price PSF
    $538
  • Property Type
    Retail
  • Size
    3,304 SF
  • Available
    3,304 SF
  • Occupancy
    100%
  • Built
    2023
  • Total Acres
    ~0.80 ac

Sale Details

  • Walt
    15 Years
  • Cap Rate
    6.75%
  • NOI
    $120,000
  • GRM
    14.80
  • Potential GRM
    12

Documents

Property Address

3304 N. Kickapoo Ave
Shawnee, OK 74804

Deal Team

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