1328 George Nigh Expy - Auto Repair FOR SALE


Mcalester, OK 74501
$5,052,000 USD
949-506-2007
1328 George Nigh Expy, Mcalester, OK for Sale
$5,052,000 USD
Auto Repair - FOR SALE
1/7
null | 6.85% Cap Rate

1328 George Nigh Expy
Mcalester, OK 74501


HIGHLIGHTS

  • Corporate Guaranteed Lease | Rare Annual Increases | Options To Extend
  • Double Net Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • In Direct Proximity to nearby national tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Joe Hudson’s Collision Center investment property located in McAlester, Oklahoma. The tenant, Joe Hudson’s Collision Center, Inc recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is NN with the landlord responsible for only roof and structure making it an ideal, low management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$5,052,000 USD

PRICE/SF

$1,087 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joe Hudson's Collision Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

C-5

APN/PARCEL ID

0000-19-05N-15E-0-216-01

ASK ABOUT THIS PROPERTY

Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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