For Sale
$1,752,686

7116 ExpresswayOklahoma City, OK 73132

Oklahoma City Retail Outparcel, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 10,000 square foot Dollar Tree located in a dominant Oklahoma City retail corridor. Built-to-suit in 2001, this single-tenant, net-lease property boasts a strong credit-rated tenant with a corporate guarantee (S&P rated BBB). The lease, commencing April 6, 2001, has a remaining term of 4.5 years with three, five-year options and rent bumps totaling $5,040. The property generates a substantial net operating income (NOI) of $128,822, resulting in a compelling 7.35% cap rate. The asking price is $1,752,686. This outparcel enjoys an extremely desirable location adjacent to a Target and benefits from high traffic counts exceeding 62,378 vehicles daily at the Northwest Expy & Rockwell Ave intersection. Nearby national tenants include Walmart, Office Depot, IHOP, Wendy's, Panda Express, Raising Cane's, KFC, Starbucks, and Chick-fil-A. The property serves a 5-mile population of 181,576 residents with an average household income of $95,366 annually. This is a rare opportunity to acquire a well-performing, investment-grade retail property with significant upside potential. The property address is 7116 Northwest Expy, Oklahoma City, OK 73132.

Highlights

  • 2001 built-to-suit Dollar Tree, 10,000 SF.
  • Located in a dominant Oklahoma City retail corridor.
  • Desirable outparcel adjacent to Target.
  • Strong national tenant co-tenancy including Walmart, Office Depot, and numerous restaurants.
  • Dense population: 181,576 residents within a 5-mile radius.
  • High traffic counts exceeding 62,378 vehicles daily.

Property Details for 7116 Expressway

Property type
Retail properties, Drug stores
Square Feet
10,000 SF

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.557213639178
Longitude
-97.640290940744
7116 Expressway, Oklahoma City, Oklahoma

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7116 Expressway
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