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America's Car Mart 1501 W Shawnee St

5,378 SF Retail Building Muskogee, OK 74401 £1,274,256 (£236.94/SF) 7.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Eight Percent (8%) Rental Increase in Option 1; Five Percent (5%) Rental Increase in Option 2
  • Corporate Guarantee (154+ Units)

EXECUTIVE SUMMARY

NNN Pro Group is pleased to present the exclusive listing for an America’s Cart Mart located at 1501 W Shawnee St in Muskogee, Oklahoma. The site consists of roughly 5,378 rentable square feet of building space on estimated 1.86-acre parcel of land. This America’s Cart Mart is subject to an 8-year absolute triple-net (NNN) lease, which commenced January 1st, 2020. The current annual rent is $123,905 and is scheduled to increase 8% in the first renewal option and 5% in the second renewal option.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
5,378 SF
Building Class
C
Year Built
2009
Price
£1,274,256
Price Per SF
£236.94
Net Initial Yield
7.50%
NOI
£95,569
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
1.86 AC
Zoning
F
Parking
9 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
180 ft on U.S. 62

AMENITIES

  • Signage
1 of 1

NEARBY MAJOR RETAILERS

Mcalister's Deli
7 Brew Coffee
Buffalo Wild Wings
Freddy's Frozen Custard & Steakburgers
Chili's Grill & Bar
Golden Corral

PROPERTY TAXES

Parcel Number 51916 Improvements Assessment £33,718
Land Assessment £11,314 Total Assessment £45,032

PROPERTY TAXES

Parcel Number
51916
Land Assessment
£11,314
Improvements Assessment
£33,718
Total Assessment
£45,032
(332) 345-4222

CONTACTS

  • Listing ID: 29600422

  • Date on Market: 22/09/2023

  • Last Updated:

  • Address: 1501 W Shawnee St, Muskogee, OK 74401

The Retail Property at 1501 W Shawnee St, Muskogee, OK 74401 is currently available for sale. Contact NNN Pro Group for more information.

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America's Car Mart | 1501 W Shawnee St
(332) 345-4222 x

America's Car Mart | 1501 W Shawnee St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Francis Purritano

(332) 345-4311

(332) 345-4311

Walker Stevens

(332) 345-7742

(332) 345-7742

Carlton St Bernard

(332) 345-4986

(332) 345-4986

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