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100% Occupied Retail Center 900 E Prospect Ave

12,160 SF 100% Leased Retail Building Ponca City, OK 74601 £1,312,027 (£108/SF) 7.44% Net Initial Yield

Investment Highlights

  • 100% Occupied
  • Heavily Traveled Retail Corridor
  • Stabilized Tenant Base

Executive Summary

This 100 percent (100%) occupied retail center has 12,160 square feet with a stabilized tenant base. Some of the tenants are paying below market rents so there exists an opportunity to raise rents upon lease renewal. The majority of the tenants have occupied their spaces for over 10 years. The property offers a good mix of tenants with both national and local retailers in place.
The property fronts East Prospect Street and is adjacent to Aldi. The property is on a heavily traveled retail corridor and is surrounded by national retailers including a Walmart Supercenter, Atwoods, Tractor Supply, Chili's, Hobby Lobby, Burger King and Schloltzsky's.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,160 SF
Building Class
C
Year Built
1985
Price
£1,312,027
Price Per SF
£108
Net Initial Yield
7.44%
NOI
£97,635
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.08
Lot Size
3.68 AC
Zoning
C1-C - Commercial
Parking
200 Spaces (16.45 Spaces per 1,000 SF Leased)
Frontage
444 ft on E Prospect Ave

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

For over 25 years, Check `n Go has provided millions of hardworking people the financial assistance they needed when their circumstances changed. They understand that everyone needs a little help sometimes, and no matter where life takes their clients, they’ll be here to help you handle it. Whether it’s a leaky roof, worn-out tires, or bills piling up… they get it. And clients shouldn’t have to put off taking care of the things they need just because they haven’t received a paycheck. That’s why they're here to be a trusted partner supporting clients however they can and making sure they’re never dealing with things alone when the unexpected happens. Protection of identity both online and out in the real world is crucial to securing financial stability. That’s why they follow strict protocols and only rely on the most trustworthy partners to ensure that their clients' sensitive information is kept safe at all times—helping shield them from malicious actors, identify theft, and more.

  • Finance and Insurance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Since 1922, Edward Jones has worked to create a better future for their clients and their families and communities in the U.S. and Canada, one relationship at a time. Their advice is based on a disciplined, established process that centers on their clients, who are individual investors, and the goals they're trying to achieve. Each client benefits from a personalized relationship with their financial advisor, who is supported by the resources of a Fortune 500 firm. Every aspect of the firm’s business – from the types of products and services they offer to the locations of their branch offices – is designed to cater to individual investors in the communities in which they live and work. This business model has helped fuel remarkable growth for the firm and helped clients realize the possibilities for their futures.

  • Service type
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • K&K Nail & Spa
  • Service type
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Extensive oral care for people of all ages Professional orthodontic care for the whole family With over 5 years of experience in the dental industry, Ponca Smiles is your ideal clinic for top-quality orthodontic care. Whether you’re looking for designer braces or Invisalign, we have all your orthodontic needs covered.

  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

  • Vapor 100
  • -
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Finance and Insurance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Service type 99,999 SF $9.99 Lorem Ipsum Jan 0000
K&K Nail & Spa Service type 99,999 SF $9.99 Lorem Ipsum Jan 0000
Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Vapor 100 - 99,999 SF $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

Planet Fitness
Equity Bank
ALDI
Starbucks
Rib Crib
Chili's Grill & Bar
City National Bank
ColorTyme
Freddy's Frozen Custard & Steakburgers
Rent-A-Center
  • Listing ID: 33055378

  • Date on Market: 04/09/2024

  • Last Updated:

  • Address: 900 E Prospect Ave, Ponca City, OK 74601

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