Current Use by Public Records
- Car-Mart of Muskogee / Car Dealership
Property Details for 1501 Shawnee St
- Year built
- 2009
- Lot size
- 1.86 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 5,378 square foot auto shop in Muskogee, Oklahoma, situated on a 1.86-acre lot. The property is currently under an absolute triple-net (NNN) lease with America's Car Mart, minimizing landlord responsibilities. The lease commenced January 1, 2020, and has a remaining term of approximately 3.1 years, with two five-year renewal options. The current annual net operating income (NOI) is $123,905, representing a 7.25% cap rate on the asking price of $1,709,034. The lease includes built-in rent increases of 8% in the first renewal option and 5% in the second. The property boasts significant outdoor storage space, adding to its value. Built in 2009, this retail space offers a compelling investment opportunity due to its below-market rent, strong tenant, and recession-resistant nature, supported by America's Car Mart's competitive lending program. The property is located at 1501 W Shawnee St, Muskogee, OK 74401.
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
- -95.3817
- Latitude
- 35.769
