11340 96Th St Owasso, OK 74055
- Retail properties
- 10,443 SF
Current Use by Public Records
- CAVA / Mediterranean Restaurant
- Floyd's 99 Barbershop / Barber Shop / Hair Salon
- Supplement Superstore / Vitamin & Supplements Store
Property Details for 11340 96Th St
- Year built
- 2023
- Property size
- 10,443 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a five-tenant retail strip center in Owasso, Oklahoma, boasting 10,443 square feet of net rentable space. Built in 2023, the property is currently 100% occupied by Cava, Supplement Superstore, Floyd's Barbershop, Pei Wei, and ULUX Nail Spa, all under net leases with a weighted average remaining lease term of 9.9 years. Each lease includes attractive 10% rent bumps every five years, ensuring consistent income growth. Located at 11340 E 96th St N, Owasso, OK 74055, this property benefits from high visibility on a major retail corridor with approximately 41,000 vehicles per day. The strong demographics of the area include an average household income of $105,000 within a 5-mile radius and a remarkable 32% population growth within a 1-mile radius since 2010. The property's strategic location is further enhanced by its proximity to the Ascension St. John Hospital and the Silo Farm residential development, contributing to its long-term value. The asking price is $6,500,400, representing a 6.25% cap rate and a substantial NOI of $406,275. This is a rare opportunity to acquire a high-performing, multi-tenant retail asset in a thriving market. The property is a fee-simple ownership.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owasso
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.8466
- Latitude
- 36.2926
