ALDI | 20 Year Ground Lease
4825 N. May Avenue, Oklahoma City, OK 73112
Ground Lease Retail Investment Property For Sale
Asking Price: $2,401,000
Cap Rate: 4.58%
NOI: $110,000
Lease Type: Ground Lease
Lease Expiration: 1/31/2038
Land Size: 1.38 Acres
Year Built: 2018
Building Size: 19,320 SF
Market: NW Oklahoma City
Property Highlights
20 Year Ground Lease built in 2018
Traffic Count - Proximity to major highways and central Oklahoma City location expose this property to over 20,000 cars daily on May Avenue, and approximately 13,000 cars daily on NW 50th Street.
Location - Between NW 48th Street and NW 47th Street on N. May Avenue in Oklahoma City, Oklahoma.
Shadow Anchor Tenants - CVS, Michael’s, and Stein Mart.
Surrounding National Tenants Include: Target, Walgreens, Starbucks, Jack in the Box, and Whataburger.
Property Overview
The Aldi is located in the Mayfair Village Shopping Center offers an investor the opportunity to own a national retail property that is newly built with long-term income.
The Mayfair Village is a 159,454 square foot center that has room for growth and improvement. The ownership changed hands in late 2018/early 2019 with plans to renovate the center.
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