7116 ExpresswayOklahoma City, OK 73132

Property Details for 7116 Expressway

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 10,000 square foot Dollar Tree located in a dominant Oklahoma City retail corridor. Built-to-suit in 2001, this single-tenant, net-lease property boasts a strong credit-rated tenant with a corporate guarantee (S&P rated BBB). The lease, commencing April 6, 2001, has a remaining term of 4.5 years with three, five-year options and rent bumps totaling $5,040. The property generates a substantial net operating income (NOI) of $128,822, resulting in a compelling 7.35% cap rate. The asking price is $1,752,686. This outparcel enjoys an extremely desirable location adjacent to a Target and benefits from high traffic counts exceeding 62,378 vehicles daily at the Northwest Expy & Rockwell Ave intersection. Nearby national tenants include Walmart, Office Depot, IHOP, Wendy's, Panda Express, Raising Cane's, KFC, Starbucks, and Chick-fil-A. The property serves a 5-mile population of 181,576 residents with an average household income of $95,366 annually. This is a rare opportunity to acquire a well-performing, investment-grade retail property with significant upside potential. The property address is 7116 Northwest Expy, Oklahoma City, OK 73132.

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.5572

Longitude

-97.6403

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