11340 96Th StOwasso, OK 74055

Property Details for 11340 96Th St

Year built

2023

Property size (Sq ft)

10,443 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a five-tenant retail strip center in Owasso, Oklahoma, boasting 10,443 square feet of net rentable space. Built in 2023, the property is currently 100% occupied by Cava, Supplement Superstore, Floyd's Barbershop, Pei Wei, and ULUX Nail Spa, all under net leases with a weighted average remaining lease term of 9.9 years. Each lease includes attractive 10% rent bumps every five years, ensuring consistent income growth. Located at 11340 E 96th St N, Owasso, OK 74055, this property benefits from high visibility on a major retail corridor with approximately 41,000 vehicles per day. The strong demographics of the area include an average household income of $105,000 within a 5-mile radius and a remarkable 32% population growth within a 1-mile radius since 2010. The property's strategic location is further enhanced by its proximity to the Ascension St. John Hospital and the Silo Farm residential development, contributing to its long-term value. The asking price is $6,500,400, representing a 6.25% cap rate and a substantial NOI of $406,275. This is a rare opportunity to acquire a high-performing, multi-tenant retail asset in a thriving market. The property is a fee-simple ownership.

Location Insight

City

Owasso

County

Tulsa

State

Oklahoma

Latitude

36.2926

Longitude

-95.8466

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