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503 W 3rd St
Konawa, OK 74849

$1,386,000 USD

General Retail For Sale  •  10,695 SF

Property Details

  • Property Type General Retail
  • Total Building Size 10,695 SF
  • Lot Size 1.43 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 8.75 %
  • Tenancy Single
20 Walk Score

Highlights

Newly built in 2023 with long-term corporate lease in place.
10-year initial lease term with approximately 7.5 years of primary term remaining.
Rental escalations of $0.50 per square foot every five years during option periods.
Corporate guarantees from a nationally recognized retailer with 7,600+ locations.
Positioned on a 1.41-acre parcel proximate to Oklahoma City and major regional routes.
Minimal landlord responsibilities limited to roof, structural components, and parking lot.

Property Flyers

Cap Rate: 8.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar
Don McMinn 678-808-2762 Marcus & Millichap
Don McMinn 678-808-2762 Marcus & Millichap