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 leased, the asset delivers predictable cash flow with no immediate lease rollover risk, providing stability for investors.

The new construction ensures minimal capital expenditure requirements, enhancing long-term value preservation. This is a prime opportunity to acquire a well-located retail asset with strong fundamentals in a dynamic and growing market.

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 leased, the asset delivers predictable cash flow with no immediate lease rollover risk, providing stability for investors.

The new construction ensures minimal capital expenditure requirements, enhancing long-term value preservation. This is a prime opportunity to acquire a well-located retail asset with strong fundamentals in a dynamic and growing market.

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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