170 12th Avenue Southeast
Norman, OK
Price:
$1,078,000
Cap Rate:
5.75%
NOI:
$62,000
Building Size:
Approx. 1,600 Sq. Ft.
Lot Size:
Approx. 0.66 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2018
Investment Overview
- 2018 Construction. 1,600+/- SF Building on 0.66+/- Acre Site
- 15 Years Remaining on 20 Year Ground Lease w/ (4) 5-Year Options to Renew
- Excellent Location off of Hwy 77/12th Ave Near the Intersection of Alameda St & 12th Ave (30K Combined VPD)
- Subject Property is Located in a Dense Retail Corridor Near Raising Cane’s, McDonald’s, Chick-fil-A, & More
- Trophy Investment Property Near the Campus of the University of Oklahoma (29K Students & 3K Employees)
- Take 5 is a Leading Quick Lube Service Provider w/ 800 Locations and is Growing Rapidly
- Norman | 3rd Largest City in Oklahoma | Population: 128,000+