Description
"Strengthen" your investment portfolio with this cashflowing property -- now a state-of-the-art fitness center on a triple net lease. This classy property underwent an extensive build-out by the tenant at the start of the initial 12-year lease in October 2015. Besides accentuating the unique barrel ceiling, the tenant upgraded the core mechanical infrastructure and added ADA-compliant restrooms, locker rooms and showers. The current lease is $9,500/month and has scheduled increases with 5-year renewal options at the end of each term. In addition to the building and parking lot at the Broadway location, an additional adjacent 0.34 acre (MOL) parcel of lots will convey (801 W. Randolph Ave) for a total of 1.38 acres MOL. The location is ideal - just a few blocks from downtown, near residential areas and only 3.5 miles from Vance Air Force Base, home to the 71st Flying Training Wing with 1,400 active duty/reservists and 1,400+ civilian federal workers. (Click video icon for virtual tour.)
-
0BEDS
-
1.38ACRES
-
0BATHS
-
01/2 BATHS
-
17,400SQFT
-
$0$/SQFT
School Ratings & Info
Listing provided courtesy of Elizabeth Groh of Real Estate Matters Llc : 405-312-3737.
©2023 MLSOK, Inc.
Description
"Strengthen" your investment portfolio with this cashflowing property -- now a state-of-the-art fitness center on a triple net lease. This classy property underwent an extensive build-out by the tenant at the start of the initial 12-year lease in October 2015. Besides accentuating the unique barrel ceiling, the tenant upgraded the core mechanical infrastructure and added ADA-compliant restrooms, locker rooms and showers. The current lease is $9,500/month and has scheduled increases with 5-year renewal options at the end of each term. In addition to the building and parking lot at the Broadway location, an additional adjacent 0.34 acre (MOL) parcel of lots will convey (801 W. Randolph Ave) for a total of 1.38 acres MOL. The location is ideal - just a few blocks from downtown, near residential areas and only 3.5 miles from Vance Air Force Base, home to the 71st Flying Training Wing with 1,400 active duty/reservists and 1,400+ civilian federal workers. (Click video icon for virtual tour.)
© 2023 We do not attempt to verify the currency, completeness, accuracy or authenticity of the data contained herein. Information is subject to verification by all parties and is subject to transcription and transmission errors. All information is provided “as is”. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Data last updated: 2023-09-21T00:02:40.303.