For Sale
$2,800,000

1515 Division St Guthrie, OK 73044

Oklahoma Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 34,582 square foot shopping center in Guthrie, Oklahoma, presents a compelling value-add investment opportunity. Priced at $2,800,000, this fully leased property boasts a 7.54% cap rate and a strong net operating income (NOI) of $211,106. The center features a diverse mix of long-term tenants, some occupying the space since the 1990s, ensuring consistent cash flow. Located at 1515 S Division St, 73044, the property benefits from a prime location with direct frontage on a highly trafficked intersection, directly across from a Walmart Supercenter with a signalized entrance. Two shadow anchors, Galleria Furniture and Walgreens, further enhance foot traffic and visibility. The property's land value is $101.74 per square foot. Guthrie's projected growth, fueled by developments along the North I-35 corridor, promises significant future appreciation. Convenient access to the Turnpike provides easy connectivity to Edmond and the Oklahoma City metro area. The triple net (NNN) lease structure minimizes landlord responsibilities. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving Oklahoma market. The property is 100% occupied.

Highlights

  • 100% Leased, Brand New Construction
  • NNN Lease
  • Scooters Coffee currently operating.

Property Details for 1515 Division St

Property type
Lifestyle centers, Power centers
Square Feet
34,582 SF

Location Insight

City
Guthrie
County
Logan
State
Oklahoma
Latitude
35.8626232
Longitude
-97.4268548
1515 Division St, Guthrie, Oklahoma

FAQs

What type of property is this?
Lifestyle center - Oklahoma Retail Investment Opportunity
Where is the lifestyle center located?
The property is located at 1515 Division St Guthrie, OK.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 100% Leased, Brand New Construction; NNN Lease; Scooters Coffee currently operating.
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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1515 Division St
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