TITLE:
SALE/LEASEBACK - NNN LEASED PROPERTY
CONTROL:
Exclusive
VALUE:
$2,000,000
LOAN:
$1,600,000
EQUITY:
$400,000
TYPE:
Retail/Commercial
HAVE:
25,000 sq ft clear span building on 4.11 acres. Currently operating family entertainment center in the 25,000 sq ft. One pad site is also included. Real Estate owners also own the entertainment center and will lease it back.
ADDRESS:
6720 NW Quanah Parker Trailway, Lawton, Oklahoma
BENEFITS TO NEW OWNER:
Excellent current cash flow plus additional opportunity to lease remaining space and/or to sell or lease pad site.
GROSS SCHEDULED INCOME:
$180,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$180,000
EXPENSES:
$0
NOI:
$180,000
DEBT SERVICE:
$160,596
CASH FLOW:
$19,404
CAP RATE:
9.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,600,000
$13,383
8%
11/30/2028
No
BENEFITS SOUGHT:
Take profit and move on to next deal
CAN ADD:
Land
REMARKS:
Owners would do a sale/leaseback at about a 9.0% return. They would consider a 5 year lease. Property is located in good retail area between Wal-Mart and Target as well as AMC Theater and other retailers. Could be redeveloped into strip center or other.
COUNSELOR:
Bill Richert
Richert Properties, Inc.
P.O. Box 2352
Tulsa, Oklahoma, 74101
