Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Shawnee Rd
- Year built
- 1992
- Lot size
- 1.54 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,560-square-foot storefront occupied by Aaron's, a nationally recognized brand, located at E Shawnee Rd in Muskogee, Oklahoma. The property boasts a strong 6.60% cap rate and a substantial net operating income (NOI) of $66,000. The single-tenant building, constructed in 1992, sits on a 1.54-acre lot and features ample parking (22 spaces per 1,000 sq ft). The property is zoned G and benefits from a highly visible location with significant daily traffic. The current lease, a triple-net (NNN) agreement with a corporate guarantee, provides zero landlord responsibilities. The lease commenced March 1, 2011, and has a remaining term of approximately 1.3 years, followed by two five-year renewal options with an 8% rent increase in each. The asking price is $1,000,000, translating to a price per square foot of $94.70. This is a rare chance to acquire a stable, high-performing retail asset with a proven tenant and significant upside potential. The property's strong financials, coupled with its prime location and favorable lease terms, make it an ideal addition to any investment portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Muskogee
- County
- Muskogee
- State
- Oklahoma
- Longitude
- -95.3252
- Latitude
- 35.7703
