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    1288 15Th St Edmond, OK 73013

    For Sale
    $5,125,000

    10,000 SF, NNN Leased Daycare

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fee-simple ownership of a 10,000-square-foot retail property in Edmond, Oklahoma. The property, built in 2023, is currently 100% occupied under a triple-net (NNN) lease with a corporate guarantee. The lease has 14 years remaining, featuring 8% rental increases every five years, providing significant long-term growth potential and inflation hedging. The property boasts a strong 7.26% cap rate and a substantial net operating income (NOI) of $371,900. Situated on a 2-acre lot with 44 parking spaces, the property is zoned PUD (Planned Unit Development) and enjoys excellent visibility and accessibility on East 15th Street, with convenient access to major highways including US Highway 77 and Interstate 35. The property benefits from a prime location within a dense retail area, surrounded by major shopping centers and numerous residential communities, including significant multi-family developments. The strong demographics of the 5-mile trade area, with over 132,400 residents and an average household income of $122,077, further enhance the investment appeal. The tenant, a leading provider of early childhood education, has demonstrated a long-term commitment to the location. This property offers a low-management, passive investment opportunity with substantial upside potential. The APN is 18-246-1010. Asking price is $5,125,000, representing a price per square foot of $512.50.

    Property Features for 1288 15Th St

    General Information

    Property type
    Day care centers
    Square Feet
    10,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2023

    HighLights

    • Brand new 15‑year corporate guaranteed lease with scheduled rent increases.
    • Net‑net lease with fee simple ownership and minimal landlord responsibilities.
    • Excellent location in a dense trade area with major shopping centers, strong tenant presence, and nearby schools.
    • High‑visibility location on 15th Street, offering a centralized location with an outdoor playground, built in 2023.
    • Strong demographics within a 5‑mile radius, serving a direct residential consumer base in an affluent community.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Learning Experience - Edmond Day Care Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4629003
    Latitude
    35.6378537

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    FAQs

    What type of property is this?
    Day care center - 10,000 SF, NNN Leased Daycare
    Where is this day care center located?
    The property is located at 1288 15Th St Edmond, OK.
    What is the asking price?
    The asking price for this property is $5,125,000.
    What are key features of this property?
    This property features: Brand new 15-year corporate guaranteed lease with scheduled rent increases.; Net-net lease with fee simple ownership and minimal landlord responsibilities.; Excellent location in a dense trade area with major shopping centers, strong tenant presence, and nearby schools.
    Request Owner's contact information
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    Edmond, OK 73013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1288 15Th St Edmond, OK 73013
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