1501 Shawnee StMuskogee, OK 74401
- Retail properties
- 5,378 SF
Property Details for 1501 Shawnee St
- Year built
- 2009
- Lot size
- 1.86 AC
- Property size (Sq ft)
- 5,378 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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.
Location Insight
- City
- Muskogee
- County
- Muskogee
- State
- Oklahoma
- Latitude
- 35.769
- Longitude
- -95.3817
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].