Leased Auto Service NNN
For Sale
Contact for pricing
4900 North May Avenue, Oklahoma City, OK 73112
For sale Brakes Plus on a 20-year NNN lease commencing at closing, with scheduled 5% increases every five years.
Property Size4,897 SF
Price / SF$523.61
Days on Market68
Property Features for 4900 North May Avenue
General Information
Standard status
Active
Size
4,897 SF
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$150,000
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Matthew Anuszkiewicz · License #NY 10401294046
Source:
Crexi
Added: Jun 5
Changed: Aug 10
Last Checked: Aug 10 at 11:35AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This offering presents a leased Brakes Plus auto service property under a 20-year Triple Net (NNN) lease. The lease is set to commence upon close of escrow. The current annual rent is $150,000, with scheduled increases of 5.00% every five years. The property is being marketed as an NNN commercial asset for investors seeking a long-term, tenant-responsible structure under the terms provided.
The property is located at 4900 North May Avenue in Oklahoma City, Oklahoma (73112). It is offered for sale by Surmount as an exclusive listing.
For buyers evaluating NNN investment properties, the key economic terms available here are the lease start timing (upon close of escrow), the fixed 20-year term, and the rent escalations of 5% every five years. Tenants considering auto service space should note the property is currently tied to the existing Brakes Plus lease structure and is not described as vacant or available for immediate repositioning under the information provided.
The property is located at 4900 North May Avenue in Oklahoma City, Oklahoma (73112). It is offered for sale by Surmount as an exclusive listing.
For buyers evaluating NNN investment properties, the key economic terms available here are the lease start timing (upon close of escrow), the fixed 20-year term, and the rent escalations of 5% every five years. Tenants considering auto service space should note the property is currently tied to the existing Brakes Plus lease structure and is not described as vacant or available for immediate repositioning under the information provided.
Key Highlights
- Brakes Plus at 4900 N May Avenue, Oklahoma City, OK 73112
- 20‑year Triple Net (NNN) lease commencing upon close of escrow
- Annual rent of $150,000 with scheduled 5% increases every five years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,667
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,933,340
$1.9M
Cap Rate 7%
$1,380,957
$1.4M
Cap Rate 9%
$1,074,078
$1.1M
Market Conditions
NOI Build-Up for 4,897 SF
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.
Gross rent
$146.9K $30.00/SF
− Vacancy
−$8.8K −$1.80/SF
EGI
$138.1K $28.20/SF
− OpEx
−$41.4K −$8.46/SF
NOI
$96.7K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,933,340
Cap Rate 7%
$1,380,957
Cap Rate 9%
$1,074,078
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,667 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$425.3K
$372.1K – $496.2K
NOI $29,771 @ 7.0% cap · market cap 1.16%
Theoretical Best
Specialty Retail
$1.67M
$1.47M – $1.95M
NOI $117,234 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 37%
Shops & Services 31%
Dining 29%
Leisure 3%
Lowe's
Home Improvements & Furnishings
40,426 visits/mo
0.4 miles
Wendy's
Dining
12,393 visits/mo
0.3 miles
Starbucks
Dining
11,274 visits/mo
0.2 miles
OnCue Express
Shops & Services
9,497 visits/mo
0.3 miles
Chase Bank
Shops & Services
8,176 visits/mo
0.3 miles
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - For sale Brakes Plus on a 20-year NNN lease commencing at closing, with scheduled 5% increases every five years.
Where is this nnn property located?
The property is located at 4900 North May Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,564,103.
What are key features of this property?
This property features: Brakes Plus at 4900 N May Avenue, Oklahoma City, OK 73112; 20‑year Triple Net (NNN) lease commencing upon close of escrow; Annual rent of $150,000 with scheduled 5% increases every five years
