For Sale
$1,000,000

Shawnee Rd Muskogee, OK 74403

High-Yield Retail Investment, 1.3 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 10,560-square-foot storefront occupied by Aaron's, a nationally recognized brand, located at E Shawnee Rd in Muskogee, Oklahoma. The property boasts a strong 6.60% cap rate and a substantial net operating income (NOI) of $66,000. The single-tenant building, constructed in 1992, sits on a 1.54-acre lot and features ample parking (22 spaces per 1,000 sq ft). The property is zoned G and benefits from a highly visible location with significant daily traffic. The current lease, a triple-net (NNN) agreement with a corporate guarantee, provides zero landlord responsibilities. The lease commenced March 1, 2011, and has a remaining term of approximately 1.3 years, followed by two five-year renewal options with an 8% rent increase in each. The asking price is $1,000,000, translating to a price per square foot of $94.70. This is a rare chance to acquire a stable, high-performing retail asset with a proven tenant and significant upside potential. The property's strong financials, coupled with its prime location and favorable lease terms, make it an ideal addition to any investment portfolio.

Highlights

  • Triple Net (NNN) Lease; tenant responsible for all expenses.
  • High visibility location with over 26,000 vehicles passing daily.

Property Details for 0 Shawnee Rd

Property type
Retail properties, Retail space
Square Feet
10,560 SF
Year Built
1992
Buildings
1
Stories
1
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Muskogee
County
Muskogee
State
Oklahoma
Latitude
35.7702641
Longitude
-95.3251819

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, 1.3 Years Remaining
Where is the retail property located?
The property is located at Shawnee Rd Muskogee, OK.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Triple Net (NNN) Lease; tenant responsible for all expenses.; High visibility location with over 26,000 vehicles passing daily.;
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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0 Shawnee Rd
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