NNN-Leased Group Housing
For Sale
$995,000
908 E 12th Avenue, Stillwater, OK 74074
The occupied building has a triple-net lease and recent fire-suppression and code-related improvements.
Property Size6,449 SF
Lot Size2.00 Acres
Price / SF$154.29
Days on Market77
Property Features for 908 E 12th Avenue
General Information
Standard status
Active
Size
6,449 SF
Lot size
2.00 Acres
Property subtype
Investment
Financials
Cap Rate
7.25%
Gross Income
$73,800
Additional Details
Sprinkler System
Yes
Tenant in Place
Yes
Amenities
expansive common areas
multiple offices
large gathering spaces
commercial-style kitchen area
outdoor patio space
mature trees
flower beds
park-like setting
garden areas
open green space
Building Details
Year Built
1987
Tenancy
Single
Listing Agency:
Sage Sotheby's Realty
(405) 748-0405
Listed By:
Sierra Snowden · License #171994
(405) 570-6340
Source:
Beaversbendrealty
Added: Aug 16
Changed: Oct 31
Last Checked: Oct 31 at 3:36AM
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 Sage Sotheby's Realty
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Investment Insights
Based on property information with market context.
Built in 1987, this 6,449-square-foot group housing property sits on approximately 2 acres. Its 20 bedrooms and 10 bathrooms are complemented by shared common areas, offices, gathering rooms, a commercial-style kitchen area, and outdoor patio space. The grounds include parking, garden areas, mature trees, and open green space. Recent work includes installation of a fire-suppression system and additional improvements addressing code requirements.
The property is occupied under a triple-net lease with approximately 3 years remaining. The lease includes a 3% annual rent escalator and a 7.25% cap rate. The stated lease structure and physical configuration describe the property as it stands today.
The property is occupied under a triple-net lease with approximately 3 years remaining. The lease includes a 3% annual rent escalator and a 7.25% cap rate. The stated lease structure and physical configuration describe the property as it stands today.
Key Highlights
- Triple‑net lease with approximately 3 years remaining
- 7.25% cap rate and 3% annual rent escalator
- 6,449 square feet on approximately 2 acres
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
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Business Placement
Demographics for 74074, OK
32,326
Population
14,328
Households
2.3
Avg Household Size
29
Median Age
51%
College-Educated
96%
High-School Grad
127.4 sq mi
ZIP Area
254
Density / Sq Mi
$50,245
Median Household Income
$26,971
Median Earnings
$965
Median Rent
$247,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - The occupied building has a triple-net lease and recent fire-suppression and code-related improvements.
Where is this nnn property located?
The property is located at 908 E 12th Avenue Stillwater, OK.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Triple‑net lease with approximately 3 years remaining; 7.25% cap rate and 3% annual rent escalator; 6,449 square feet on approximately 2 acres
