2501 Us-64Guymon, OK 73942

Property Details for 2501 Us-64

Lot size

10.53 AC

Property size (Sq ft)

51,985 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 51,985 square foot shopping center in Guymon, Oklahoma, presents a compelling investment opportunity with a 7.25% cap rate and a strong NOI of $600,000. The property, located at 2501 US-64, boasts two units situated on a 10.53-acre lot. Priced at $8,250,000 ($144.27/sq ft), it offers a double net lease structure, minimizing landlord responsibilities. A significant investment of over $6,000,000 in tenant improvements has been made by Guymon Social, enhancing the property's value and appeal. Tractor Supply, a major tenant, recently signed a brand new 15-year lease extension, demonstrating long-term commitment to the location. Further strengthening the investment potential, rental increases are scheduled for 2026 and 2028, projected to boost NOI to $633,750. The property also includes a family entertainment center offering diverse attractions such as bowling, arcade games, axe throwing, billiards, ping pong, and a full-service restaurant, contributing to its robust tenant mix and overall profitability. This property is ideally suited for investors seeking a stable, high-return retail investment with significant upside potential. The property is located in Texas County, Oklahoma, zip code 73942.

Location Insight

City

Guymon

County

Texas

State

Oklahoma

Latitude

36.7049

Longitude

-101.483

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