1200 15Th StEdmond, OK 73013

This exceptional Class A retail investment property in Edmond, Oklahoma, offers a compelling opportunity. The 12,271 square foot property, built in 2023, features two tenants: Andy's Frozen Custard and The Learning Experience. Andy's occupies a space under a new 20-year absolute NNN lease with 4 five-year options to extend, including 1.5% annual rent increases. The Learning Experience is under a new 15-year NN lease with 2 five-year options, featuring 8% rent increases every five years and a corporate guarantee. The property boasts 100% occupancy, a strong 6.75% cap rate, and a substantial net operating income (NOI) of $579,054. Situated on a 2-acre lot with 69 parking spaces, the property enjoys excellent visibility and accessibility on East 15th Street, benefiting from high traffic counts and proximity to major thoroughfares like US Highway 77 and Interstate 35. The location is strategically positioned within a dense retail area, near significant shopping centers and numerous schools, ensuring a robust customer base. The property's fee simple ownership (land and building) and limited landlord responsibilities make this an ideal low-management investment. The affluent community within a 5-mile radius boasts over 133,500 residents and 60,000 daytime employees, further solidifying the investment's potential. The property is zoned PUD (Planned Unit Development District) and has an APN of 18-246-1010. The asking price is $8,577,500, representing a price per square foot of $699.01.