Freestanding NNN Retail
For Sale
Contact for pricing
1151 N Santa Fe Ave, Edmond, OK 73003
Freestanding retail property is offered for sale as a fully leased, triple-net investment with straightforward ownership responsibilities.
Property Size4,000 SF
Price / SF$300
Days on Market58
Property Features for 1151 N Santa Fe Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Occupancy
100%
Listing Agency:
Network Realty Associates
Listed By:
Sam Hemani · License #OK 157101
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 5 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Network Realty Associates
Investment Insights
Based on property information with market context.
This freestanding retail asset is presented as a fully leased property under a Triple Net (NNN) lease structure. The offering is positioned as an investment-grade retail building intended to keep landlord responsibilities limited, with the tenant responsible for major operating expenses consistent with NNN frameworks.
The property is located along an established commercial corridor in Edmond and is described as having strong tenant presence and excellent accessibility. The asset is a storefront-style retail offering suited to neighborhood and community convenience retail needs, with access intended to support ongoing customer traffic.
For buyers seeking a retail investment with an NNN structure, the property’s fully leased status provides an immediately income-producing configuration based on the information provided. Prospective owners and brokers can focus due diligence on the lease terms, tenant obligations, and operating expense allocations inherent to the triple-net model, along with confirming the condition and performance of the improvements as part of underwriting and acquisition planning.
The property is located along an established commercial corridor in Edmond and is described as having strong tenant presence and excellent accessibility. The asset is a storefront-style retail offering suited to neighborhood and community convenience retail needs, with access intended to support ongoing customer traffic.
For buyers seeking a retail investment with an NNN structure, the property’s fully leased status provides an immediately income-producing configuration based on the information provided. Prospective owners and brokers can focus due diligence on the lease terms, tenant obligations, and operating expense allocations inherent to the triple-net model, along with confirming the condition and performance of the improvements as part of underwriting and acquisition planning.
Key Highlights
- Freestanding retail investment property offered for sale as fully leased
- Triple Net (NNN) lease structure
- Located in one of Edmond’s established commercial corridors within the Oklahoma City metropolitan area
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.7k | $16.68 |
| − Vacancy | −$6.4k | −$1.60 |
| EGI | $60.3k | $15.08 |
| − OpEx | −$18.1k | −$4.52 |
| NOI | $42.2k | $10.56 |
4,000 SF · lease $16.68/SF/yr · vacancy 9.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$603.1K
$527.8K – $703.7K
NOI $42,220 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$833.1K
$729.0K – $972.0K
NOI $58,319 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Braum's Ice Cream & Dairy Stores
Dining
22,426 visits/mo
0.2 miles
Edmond #1
Shops & Services
12,497 visits/mo
0.1 miles
Taco Bell
Dining
11,715 visits/mo
0.1 miles
Chase Bank
Shops & Services
9,275 visits/mo
0.1 miles
Little Caesars Pizza
Dining
4,276 visits/mo
0.2 miles
Demographics for 73003, OK
22,648
Population
9,760
Households
2.3
Avg Household Size
36
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,061
Density / Sq Mi
$76,957
Median Household Income
$45,176
Median Earnings
$1,338
Median Rent
$230,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail property is offered for sale as a fully leased, triple-net investment with straightforward ownership responsibilities.
Where is this nnn property located?
The property is located at 1151 N Santa Fe Ave Edmond, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Freestanding retail investment property offered for sale as fully leased; Triple Net (NNN) lease structure; Located in one of Edmond’s established commercial corridors within the Oklahoma City metropolitan area
