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SUBWAY STRIP CENTER 733 W Petree Rd

4,000 SF 100% Leased Retail Building Anadarko, OK 73005 $376,869 CAD ($94 CAD/SF) 9% Cap Rate

Investment Highlights

  • Attractive Value-Add Investment: Current tenants include Subway, Beyond Nutrition, and Caddo County Guns & Ammo
  • Competitive Rental Rates: Average rent is $7.20 per square foot
  • 100% Occupancy: The center is fully leased, offering immediate cash flow with opportunities for rental increases upon lease renewals
  • Prime Location with Strong Retail Synergy: Positioned adjacent to Petree Plaza, Anadarko’s primary shopping center, and neighboring McDonald’s
  • Established Tenancy: Subway has been a tenant for over 34 years and holds one remaining 5-year renewal option with a 5.00% rent increase
  • Strong Weighted Average Lease Term (WALT): The property boasts a WALT exceeding 5 years, ensuring stable long-term occupancy

Executive Summary

Broker of Record
Kyle Matthews
License No. 180759 (OK)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,000 SF
Building Class
C
Year Built
1975
Price
$376,869 CAD
Price Per SF
$94 CAD
Cap Rate
9%
NOI
$33,918 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Land Acres
0.94 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
38 Spaces (9.5 Spaces per 1,000 SF Leased)
Frontage
200 ft on W Petree Rd

Amenities

  • Signage
  • Wheelchair Accessible

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0047-28-07N-10W-1-055-10
Land Assessment
$18,030 CAD
Improvements Assessment
$12,558 CAD
Total Assessment
$30,588 CAD
  • Listing ID: 32735632

  • Date on Market: 2024-08-08

  • Last Updated:

  • Address: 733 W Petree Rd, Anadarko, OK 73005

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