5820 41St StWarr Acres, OK 73122

Property Details for 5820 41St St

Year built

1983

Construction

BRICK

Lot size

1.48 AC

Property size (Sq ft)

9,151 SF

Property type

Specialty properties

Property subtype

Other specialty properties

APN

18-860-3200

APU

188603200

Description

Exceptional investment opportunity: a 9,151 square foot childcare center in Warr Acres, Oklahoma, boasting a 6.75% cap rate. This property features a 15-year absolute NNN lease with a corporate guarantee from Childcare Network, a leading provider with over 260 locations. The lease commenced November 16, 2024, and expires November 30, 2039, offering significant long-term stability. Rent increases are built-in with a 6% bump every five years. The property, located at 5820 Northwest 41st Street, zip code 73122, sits on a 1.48-acre lot and underwent a complete renovation in 2024. The building, originally constructed in 1983, enjoys 100% occupancy. The Net Operating Income (NOI) is $239,785, with a price per square foot of $388.19 and an asking price of $3,552,370. The lease includes three five-year renewal options, further securing the investment. Benefiting from its location near major retail hubs including Sam's Club, Target, and more, and within a densely populated area with over 200,000 residents within a five-mile radius and eight elementary schools within two miles, this property presents a compelling investment prospect. The property's proximity to Will Rogers World Airport (WRWA) adds to its strategic value.

• Alternative Use

  Use

  Valuation

  Residential

  $1,547,493

  Hospitality

  $1,417,495

  Educational

  $1,179,339

  Medical

  $1,219,898

  Retail

  $1,834,528

Location Insight

City

Warr Acres

County

Oklahoma

State

Oklahoma

Latitude

35.5135

Longitude

-97.6182

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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