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+