Triple Net Lease with a 8% Capitalization Rate
This Investment opportunity is earning a CAP Rate of 8% and is completly updated with new HVAC, Roof, and exterior renovation. This property is currenlty leased until September of 2024, with a great tenant that has already requested an option to extend the lease. The Base rent is on a graduated scale increasing year over year to maintain the profit against inflation, already built into the lease. A true Triple Net Lease means that this is a great property for cooperate portfolios.
Ardmore, Oklahoma. The County Seat of Carter County, and the central hub of the surrounding communites including Lone Grove, Marietta, Madill, Springer, Thackerville, and many more. As one of the fastest growing areas in the region while maintaining a reasonable cost of living, Ardmore has proven to be the Real Estate Investors drea. Ardmore sits halfway between Dallas and Oklahoma City along the I-35 corridor. Home to several large companies like Michelin, Valero, Dollar General, Mercy, and many others, Ardmore has been a safe and reliable place to invest into property. With gorwing retail needs and high demand for jobs there is no sign that Ardmore will stop growing anytime soon.
This property also affords one of the best locations in town. Sharing a traffic light with the entrace to WalMart Supercenter, the building and sings are in plain view to over 50,000 vehicles per day. From the overhead photos you will see three gas stations, WalMart, carwash, five restaurants, Mountain view mall, CVS, Walgreens, and many more.
The entire property has been freshly remodeled with a full interior and exterior update. The Exterior gets a new modern and clean paint sceme, weatherproof wood accents, new HVAC, roof, Interior paint. Even the grass has been upgraded to low maintenace astro-turf. All windows are commercial tempered glass, in full brick and slab construction with little to no signs of wear. The parcel also gets an individual water water, electric meter, and gas supply. The signage has also been updated and should be maintenance free for years.