For Sale
$1,134,000

817 12Th Ct Moore, OK 73160

Oklahoma Retail Property - Strong NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This 8,320-square-foot freestanding Family Dollar store in Moore, Oklahoma, presents a compelling investment opportunity. Built in 2019 and boasting a 7.50% cap rate and $85,000 NOI, the property benefits from a corporate-guaranteed, single-tenant lease with a remaining term of 6.5 years. The lease, commencing March 31, 2019, and expiring March 30, 2029, includes six five-year renewal options with built-in rent bumps. The property is situated on NW 12th Street, a high-traffic area with over 32,000 vehicles daily, in a rapidly growing suburb of Oklahoma City. Its proximity to downtown Oklahoma City, Will Rogers International Airport, and Tinker Air Force Base further enhances its desirability. The tenant, Family Dollar, is responsible for all taxes, insurance, and maintenance expenses (NNN). This renovated property offers a secure, long-term investment with significant upside potential due to the lease terms and location in a densely populated area. The asking price is $1,134,000.

Highlights

  • 2019 Renovation.
  • Triple Net (NNN) Lease.
  • High Traffic Count: 32,000+ Vehicles Daily.

Property Details for 817 12Th Ct

Property type
Retail properties, Retail space
Year Renovated
2019

Location Insight

City
Moore
County
Cleveland
State
Oklahoma
Latitude
35.3487764
Longitude
-97.50507439

FAQs

What type of property is this?
Retail property - Oklahoma Retail Property - Strong NOI
Where is the retail property located?
The property is located at 817 12Th Ct Moore, OK.
What is the asking price?
The asking price for this property is $1,134,000.
What are key features of this property?
This property features: 2019 Renovation.; Triple Net (NNN) Lease.; High Traffic Count: 32,000+ Vehicles 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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817 12Th Ct
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