730 Danforth Rd Edmond, OK 73003

Property Details for 730 Danforth Rd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.99 lot acres

Property size

71,640 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

18-241-2030

APU

182412030

Description

This exceptional investment opportunity presents a thriving multi-tenant retail center in Edmond, Oklahoma, totaling 74,412 square feet on an 8.99-acre lot. The property, built in 1999, boasts a remarkable 100% occupancy rate as of July 2022, generating a strong Net Operating Income (NOI) of $467,827 and a compelling 5.95% cap rate. Priced at $7,864,034 ($106 per square foot), this property offers significant potential for growth. All nine tenants operate under Triple-Net (NNN) leases, minimizing landlord responsibilities. A key strength is the recent seven-year lease renewal with Hobby Lobby, ensuring long-term stability. The property benefits from a consistently growing local population and income, further enhancing its investment appeal. An excellent owner/manager maintenance program ensures the property remains in top condition. The strategic location, complemented by nearby parks, schools, and other retailers, contributes to the property's high occupancy and strong tenant base. Furthermore, there's potential for future rent increases, given current market conditions. This is a rare opportunity to acquire a well-maintained, high-performing retail center with a strong tenant mix and significant upside potential in a desirable Oklahoma City suburb. The address is 730-828 W Danforth Rd, Edmond, OK 73003.

Location Insight

City

Edmond

County

Oklahoma

State

Oklahoma

Longitude

-97.4933

Latitude

35.6664

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments