For Sale
$4,735,000

1132 Bryant Ave Edmond, OK 73034

NNN Leased Retail Portfolio, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fully occupied, three-building shopping center in Edmond, Oklahoma. The property boasts 7,700 square feet of retail space, divided among four thriving national tenants: Swig, Mo'Bettahs, Donato's Pizza, and Tropical Smoothie Cafe. All tenants are operating under triple-net (NNN) leases, with a weighted average lease term of ten years and built-in rent increases. The property features three buildings, each strategically designed with drive-thru lanes, situated on a 3.56-acre lot. Constructed in 2022-2023, the center benefits from a prime location in Edmond, near major intersections with high vehicular traffic and surrounded by significant retail development, including over one million square feet of retail space within close proximity. The area also enjoys a strong demographic profile, with high average incomes and a substantial daytime population fueled by the University of Central Oklahoma, Edmond Memorial High School, and other local institutions. The property's strong tenant mix, favorable lease terms, and excellent location combine to offer a compelling investment opportunity with a 6.75% cap rate and a net operating income (NOI) of $319,800. The asking price is $4,735,000, translating to $614.94 per square foot. The property offers multiple exit strategies due to the separate platting of the buildings. The financial strength of the tenants, including corporate guarantees and personal guarantees from franchisees, further enhances the investment's security. Parking is ample, providing 9.61 spaces per 1,000 square feet. This is a rare opportunity to acquire a high-performing, newly constructed retail center in a thriving market.

Highlights

  • Three-building, 7,700 SF shopping center in Edmond, OK, with four national QSR tenants under NNN leases with a 10-year weighted average term.
  • 100% occupied by Swig, Mo'Bettahs, Donato's Pizza, and Tropical Smoothie Cafe.
  • New construction (2022-2023) with drive-thrus at a signalized intersection.
  • Over half of the income is guaranteed by entities managed by Savory Restaurant Fund, which operates over 150 restaurants nationwide.
  • Located in a strong retail area with over 1 million SF of retail space nearby, plus the University of Central Oklahoma and OU Health Edmond Medical Center; affluent area with average incomes exceeding $129,000 within a 5-mile radius.

Property Details for 1132 Bryant Ave

Property type
Lifestyle centers, Power centers
Square Feet
7,700 SF
Year Built
2022
Buildings
3
Lot Size (sq. ft)
155,074 SF

Location Insight

City
Edmond
County
Oklahoma
State
Oklahoma
Latitude
35.6420892
Longitude
-97.4599636
1132 Bryant Ave, Edmond, Oklahoma

FAQs

What type of property is this?
Lifestyle center - NNN Leased Retail Portfolio, High ROI
Where is the lifestyle center located?
The property is located at 1132 Bryant Ave Edmond, OK.
What is the asking price?
The asking price for this property is $4,735,000.
What are key features of this property?
This property features: Three-building, 7,700 SF shopping center in Edmond, OK, with four national QSR tenants under NNN leases with a 10-year weighted average term.; 100% occupied by Swig, Mo'Bettahs, Donato's Pizza, and Tropical Smoothie Cafe.; New construction (2022-2023) with drive-thrus at a signalized intersection.
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1132 Bryant Ave
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