0 Shawnee RdMuskogee, OK 74403

Property Details for 0 Shawnee Rd

Year built

1992

Lot size

1.54 AC

Property size (Sq ft)

10,560 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Muskogee

County

Muskogee

State

Oklahoma

Latitude

35.7703

Longitude

-95.3252

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