For Sale
$1,680,000

4734 Kickapoo Ave Shawnee, OK 74804

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity in Shawnee, Oklahoma, featuring a brand-new, 1,418 square foot Take 5 Oil Change. This property boasts a 20-year triple-net (NNN) lease with a corporate guarantee from Drive Funding Holdco, LLC, a company operating 3,500+ units, ensuring minimal landlord responsibilities and a secure income stream. The lease commenced in 2024 and includes four 5-year renewal options, providing long-term stability. The annual rent is $105,000, with built-in annual increases of 1.50%, offering protection against inflation. The property sits on a 0.56-acre lot at 4734 N Kickapoo Ave, Shawnee, OK 74804, and offers a compelling 6.25% cap rate on the asking price of $1,680,000. This is a 100% occupied, single-tenant property built in 2024, presenting a low-risk, high-return investment opportunity for discerning buyers. The property's strong tenant, lease terms, and location combine to create a highly desirable investment asset.

Highlights

  • $1,680,000 asking price for a 1,418 SF auto shop in Shawnee, OK.
  • 20-year NNN sale-leaseback with zero landlord responsibilities.
  • Strong corporate guarantee from Drive Funding Holdco, LLC (3,500+ units).
  • Four 5-year renewal options.
  • Annual 1.5% rental increases.

Property Details for 4734 Kickapoo Ave

Property type
Retail properties, Auto shops
Square Feet
1,418 SF
Year Built
2024
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Shawnee
County
Pottawatomie
State
Oklahoma
Latitude
35.3804203
Longitude
-96.9305097

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 4734 Kickapoo Ave Shawnee, OK.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: $1,680,000 asking price for a 1,418 SF auto shop in Shawnee, OK.; 20-year NNN sale-leaseback with zero landlord responsibilities.; Strong corporate guarantee from Drive Funding Holdco, LLC (3,500+ units).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4734 Kickapoo Ave
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