601-621 W Grand Ave | Chickasha, OK 73018
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601-621 W Grand Ave
Chickasha, OK 73018
Grandview Shopping Center · Retail Property For Sale
Investment Highlights
- High Traffic
- Rent Rate Growth value Add
- Central business District
Executive Summary
98% occupied Community Retail Center. Well located on W Grand Ave. in Chickasha OK. Close to Hwy 81 corridor and University. Long-term Tenants. Excellent mix of National, regional, and local tenants. New development behind the property adds more commercial opportunity—6.3 acres with 2 additional out pads and food truck hookup. Long-term $1.5m loan @ 5% could possibly be assumed by qualified Buyer.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,641 SF
Building Class
B
Year Built
1983
Price
£2,953,875
Price Per SF
£150
Net Initial Yield
6.55%
NOI
£193,406
Percent Leased
87%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.07
Lot Size
6.24 AC
Zoning
C5
Parking
500 Spaces (25.46 Spaces per 1,000 SF Leased)
Frontage
266 ft on Grand Ave
Amenities
- Freeway Visibility
- Signalised Intersection
- Kiosk/Cart Space
- Monument Signage
PROPERTY TAXES
| Parcel Number | C290-00-001-001-0-001-00 | Improvements Assessment | £57,247 |
| Land Assessment | £10,104 | Total Assessment | £67,351 |
PROPERTY TAXES
Parcel Number
C290-00-001-001-0-001-00
Land Assessment
£10,104
Improvements Assessment
£57,247
Total Assessment
£67,351
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