7116 Expressway Oklahoma City, OK 73132
- Retail properties
- 10,000 SF
Current Use by Public Records
- Retail properties
Property Details for 7116 Expressway
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 10,000 square foot Dollar Tree located in a dominant Oklahoma City retail corridor. Built-to-suit in 2001, this single-tenant, net-lease property boasts a strong credit-rated tenant with a corporate guarantee (S&P rated BBB). The lease, commencing April 6, 2001, has a remaining term of 4.5 years with three, five-year options and rent bumps totaling $5,040. The property generates a substantial net operating income (NOI) of $128,822, resulting in a compelling 7.35% cap rate. The asking price is $1,752,686. This outparcel enjoys an extremely desirable location adjacent to a Target and benefits from high traffic counts exceeding 62,378 vehicles daily at the Northwest Expy & Rockwell Ave intersection. Nearby national tenants include Walmart, Office Depot, IHOP, Wendy's, Panda Express, Raising Cane's, KFC, Starbucks, and Chick-fil-A. The property serves a 5-mile population of 181,576 residents with an average household income of $95,366 annually. This is a rare opportunity to acquire a well-performing, investment-grade retail property with significant upside potential. The property address is 7116 Northwest Expy, Oklahoma City, OK 73132.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.6403
- Latitude
- 35.5572
