1501 Shawnee StMuskogee, OK 74401

For Sale
$1,709,034
Net-leased auto shop, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 5,378 square foot auto shop in Muskogee, Oklahoma, situated on a 1.86-acre lot. The property is currently under an absolute triple-net (NNN) lease with America's Car Mart, minimizing landlord responsibilities. The lease commenced January 1, 2020, and has a remaining term of approximately 3.1 years, with two five-year renewal options. The current annual net operating income (NOI) is $123,905, representing a 7.25% cap rate on the asking price of $1,709,034. The lease includes built-in rent increases of 8% in the first renewal option and 5% in the second. The property boasts significant outdoor storage space, adding to its value. Built in 2009, this retail space offers a compelling investment opportunity due to its below-market rent, strong tenant, and recession-resistant nature, supported by America's Car Mart's competitive lending program. The property is located at 1501 W Shawnee St, Muskogee, OK 74401.

Highlights

  • Absolute Triple-Net (NNN) lease with zero landlord responsibilities.
  • Corporate guarantee from America's Car Mart (154+ units).
  • 8% rent increase in the first renewal option; 5% in the second.
  • Two, five-year tenant renewal options.
  • 1.86-acre lot with significant outdoor storage.
  • Below-market rent, highly replaceable income.

Property Details for 1501 Shawnee St

Property type
Retail properties, Auto shops
Square Feet
5,378 SF
Year Built
2009
Lot Size (sq. ft)
81,022 SF

Location Insight

City
Muskogee
County
Muskogee
State
Oklahoma
Latitude
35.7689825
Longitude
-95.381727
1501 Shawnee St, Muskogee, Oklahoma

FAQs

What type of property is this?
Retail property - Net-leased auto shop, strong ROI.
Where is the retail property located?
The property is located at 1501 Shawnee St Muskogee, OK.
What is the asking price?
The asking price for this property is $1,709,034.
What are key features of this property?
This property features: Absolute Triple-Net (NNN) lease with zero landlord responsibilities.; Corporate guarantee from America's Car Mart (154+ units).; 8% rent increase in the first renewal option; 5% in the second.
How can I contact the broker?
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1501 Shawnee St
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