Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, freestanding multi-tenant retail building in Choctaw, Oklahoma (Oklahoma City MSA). The building features a diverse lineup of well-known and established tenants including Great Clips, T-Mobile, Cricket, and AT&T and Los Aztecas Mexican Restaurant. AT&T recently exercised their first five year option and their lease now expires July 2029. All tenants operate under NNN leases, making this an ideal, low-management investment opportunity for a passive investor.

The subject property is strategically located just off of U.S. Highway 62 (15,700 VPD), and is ideally situated between a Walmart Supercenter and a Dollar Tree anchored center. The site benefits from excellent visibility, a large monument sign, and multiple points of ingress/egress. Other nearby national/credit tenants include CVS Pharmacy, Chase Bank, O’Reilly Auto parts, Starbucks, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by 41,240 residents and 6,340 employees, providing a direct consumer base from which to draw. Residents within 3 miles of the subject property boast an affluent average household income of $103,590. Choctaw is located just 15 miles east of Oklahoma City.

---