Very Successful Neighborhood Retail Shopping Center. This highly desirable property is fully leased with a new 10 year lease with the anchor tenant. No vacancies in the last 10 years. This low maintenance property is 26,200 sq ft and sits on 2 acres of land. Close to banks, post office, library, drug store, local restaurant, dollar store, medical, dental, churches. Walkable from residential single family, duplexes, multi-family neighborhoods and middle school. Ample parking. Fresh exterior renovations. The seller is motivated. Cap Rate is 6%; however, this property qualifies for the Federal Indian Land accelerated depreciation of 22 years, influencing its ROI.
- Site Link
- Property SubType Other
Courtesy of: Countryside Realty
Office Phone: 405-485-9200
Listing Agent: Kim Green
Updated: 21st May, 2019 11:19 PM.
1000 N Council Avenue Blanchard, OK