For Sale
$1,300,309

1420 Washington Blvd Bartlesville, OK 74006

High-yield NN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity features a 6,797 square foot Advance Auto Parts store situated on a 0.88-acre lot at 1420 SE Washington Blvd, Bartlesville, OK 74006. Built in 2007, this single-story building boasts a 100% occupancy rate under a Net Lease (NN) agreement with a corporate guarantee, minimizing landlord responsibilities. The property generates a substantial Net Operating Income (NOI) of $84,000, translating to a compelling 6.46% capitalization rate. The asking price is $1,300,309, resulting in a price per square foot of $191.31. The lease includes a 7% rent bump provision and a single 5-year option. The property is zoned AA1 and benefits from high traffic volume, with over 24,000 vehicles passing daily. This is a single-tenant, single-building property offering a secure and profitable investment opportunity in a thriving location.

Highlights

  • $1,300,309 asking price for a 6,797 SF Advance Auto Parts net lease property.
  • 6.46% cap rate with $84,000 NOI.
  • Located at 1420 SE Washington Blvd, Bartlesville, OK, in a high-traffic area (24,000+ vehicles per day).
  • NN lease with corporate guarantee and minimal landlord responsibilities.
  • Single-tenant, 100% occupancy, built in 2007.
  • 0.88-acre lot with 7% rent bumps and a 5-year lease option.

Property Details for 1420 Washington Blvd

Property type
Retail properties, Auto shops
Square Feet
6,797 SF
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF
Units
1

Location Insight

City
Bartlesville
County
Washington
State
Oklahoma
Latitude
36.7317885
Longitude
-95.9346628
1420 Washington Blvd, Bartlesville, Oklahoma

FAQs

What type of property is this?
Retail property - High-yield NN lease, strong tenant.
Where is the retail property located?
The property is located at 1420 Washington Blvd Bartlesville, OK.
What is the asking price?
The asking price for this property is $1,300,309.
What are key features of this property?
This property features: $1,300,309 asking price for a 6,797 SF Advance Auto Parts net lease property.; 6.46% cap rate with $84,000 NOI.; Located at 1420 SE Washington Blvd, Bartlesville, OK, in a high-traffic area (24,000+ vehicles per day).
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1420 Washington Blvd
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