CVS Pharmacy | 15 Year Remaining Ground Lease
5025 N. May Avenue, Oklahoma City, OK 73112
Ground Lease Retail Investment Property For Sale
Asking Price: $2,530,000
Cap Rate: 5.65%
NOI: $143,000
Lease Type: Ground Lease
Lease Expiration: 5/23/2033
Land Size: 1.38 Acres
Year Built: 2008
Building Size: 12,323 SF
Market: NW Oklahoma City
Property Highlights
25 Year Ground Lease built in 2008
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 - Southeast and southwest corners of NW 50th Street and N. May Avenue in Oklahoma City, Oklahoma.
Shadow Anchor Tenants - ALDI, Michael’s, and Stein Mart.
Surrounding National Tenants Include: Target, Walgreens, Starbucks, Jack in the Box, and Whataburger.
Property Overview
The CVS Pharmacy 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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