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Walmart Neighborhood Market

Oklahoma City, Oklahoma

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About the Investment:

✓ Long-Term, 20-Year Lease | Both Sites have 13.5 Years Remaining | Ten Percent Increases in the Option Periods
✓ Walmart Corporate Guarantee | Walmart Reported $559 BN in 2021 Revenue
✓ Ten Percent (10%) in the First Two (2), Five (5) Year Tenant Renewal Options and Five Percent (5%) in the Last Two (2), Five (5) Year Tenant Renewal Options

About the Location:

✓ Strong Demographics | Population Exceeds 111,800 Individuals Within a Five-Mile Radius
✓ Strong Real Estate Fundamentals | Located Less Than One Mile from Tinker Air Force Base | Over 26,000 Military and Civilian Employees | Largest Single-Site Employer In Oklahoma | Statewide Economic Impact of $3.51 Billion
✓ Strong Traffic Exposure | Signalized Intersection | Over 32,300 and 15,400 Vehicles Per Day Along S Sooner Rd and SE 44th St
✓ Affluent Community | Average Household Income Exceeding $71,900 Within a One-Mile Radius

Key Details

Price:
$11,777,733
Cap Rate:
4.50%
Annual Rent:
$529,998
Address:
4900 S. Sooner Rd, Oklahoma City, Oklahoma 73135
Property Type:
Net Leased Grocery
Lease Type:
Double Net (NN)

Original Lease Term:
20 Years
Lease Commencement:
January 28, 2015
Lease Expiration:
January 27, 2035
Lease Term Remaining:
13.5 Years
Rental Increases:
10% In Option 1 & 2; 5% in Option 4 & 5
Lot Size:
8.8 Acres
Building Size:
41,839 SF
Year Built:
2015
Tenant:
Walmart Neighborhood Market

Broker of record

Mark McCoy

License: 181981


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