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 Market125
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
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Jun 5
Changed: Sep 27
Last Checked: Oct 7 at 12:57PM
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 / Yr
$96,667
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,773
Businesses Nearby
320k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Dining 23%
Shops & Services 22%
Groceries 7%
Target
Superstores
129,473 visits/mo
0.2 miles
Michaels
Shops & Services
35,483 visits/mo
0.0 miles
Whataburger
Dining
26,844 visits/mo
0.3 miles
Aldi
Groceries
22,434 visits/mo
0.1 miles
Jack in the Box
Dining
17,222 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Oklahoma City, OK
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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
