Current Use by Public Records
- Cash Saver / Grocery & Convenience Store / Food Market
- Western Union / Bank / Credit Union
- Primo Water Refill / Big Box & Wholesale Store
- Coinstar Kiosk - Bitcoin ATM / Kiosk / Atm
- Cleta Hilburn / Pharmacy
Property Details for 1701 Milt Phillips Ave
- Year built
- 1975
- Lot size
- 7.27 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 66,884 square foot shopping center in Seminole, Oklahoma, presents a compelling value-add investment opportunity. Located at 1701 N Milt Phillips Ave, this single-story, 7-unit property boasts 100% occupancy and a strong net operating income (NOI) of $256,862, yielding an 8.56% cap rate at an asking price of $3,000,000. Built in 1975, the property sits on a 7.27-acre lot with ample parking (386 spaces). The price per square foot is $44.85, significantly below replacement cost. The property benefits from excellent visibility and accessibility on N Milt Phillips Ave and Hwy 270, a major corridor with numerous well-known neighboring businesses including Taco Bell, Dollar Tree, and others. Rent bumps are available, offering further upside potential. The land value alone is $9.47 per square foot. This property offers a rare chance to acquire a high-performing asset in a prime location with potential for future expansion. The net lease structure provides a stable income stream. This is a truly remarkable investment opportunity in Seminole, Oklahoma.
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
- Seminole
- County
- Seminole
- State
- Oklahoma
- Longitude
- -96.6723
- Latitude
- 35.2396
