Edmond, OK - Magnolia Assisted Living

$1,725,000

1500 N Santa Fe Ave, Edmond, OK 73003

For Sale

Retail

Active

Last Updated: 09/04/2025

Details:

Cap Rate: 8%

NOI: $138,000

Building Size: 17,579 sqft

Offered by

Stephen Sullivan

First Vice President

SRS Capital Markets

#CA Lic. No. 01939096

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Description:

• Tenant will sign a 15-year lease at the close of escrow
• 10% rental increases every 5-years throughout the initial term
• Located along N. Santa Fe Avenue, which averages 13,100 vehicles per day, providing strong visibility and accessibility
• Lease is corporate signed by Magnolia Assisted Living, LLC

• Centrally located in a thriving retail corridor featuring a Walmart Supercenter, Lowe’s, Starbucks, Qdoba, and other national credit tenants
• Conveniently located as an outparcel to Kohl’s
• Strategic retail positioning creates strong crossover traffic to the property
• Outstanding visibility and convenient access along a primary arterial road