Current Use by Public Records
- Four Star Fitness - Guthrie / Gym & Fitness Center
Property Details for 1515 Division St
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 34,582 square foot shopping center in Guthrie, Oklahoma, presents a compelling value-add investment opportunity. Priced at $2,800,000, this fully leased property boasts a 7.54% cap rate and a strong net operating income (NOI) of $211,106. The center features a diverse mix of long-term tenants, some occupying the space since the 1990s, ensuring consistent cash flow. Located at 1515 S Division St, 73044, the property benefits from a prime location with direct frontage on a highly trafficked intersection, directly across from a Walmart Supercenter with a signalized entrance. Two shadow anchors, Galleria Furniture and Walgreens, further enhance foot traffic and visibility. The property's land value is $101.74 per square foot. Guthrie's projected growth, fueled by developments along the North I-35 corridor, promises significant future appreciation. Convenient access to the Turnpike provides easy connectivity to Edmond and the Oklahoma City metro area. The triple net (NNN) lease structure minimizes landlord responsibilities. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving Oklahoma market. The property is 100% occupied.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Guthrie
- County
- Logan
- State
- Oklahoma
- Longitude
- -97.4269
- Latitude
- 35.8626
