Investment Overview
Introducing a prime investment opportunity in the heart of Oklahoma City, OK. This newly built 7,840 SF retail/free-standing building, comprising 20 units, is an attractive prospect for discerning investors. Boasting modern construction completed in 2022 and situated within a PUD zoning, this property offers a desirable blend of versatility and potential. Its strategic location and expansive space make it an ideal choice for retail businesses looking to establish a prominent presence in this vibrant area. With its impressive specifications and prime positioning, this property presents a compelling opportunity for the discerning investor seeking a strong foothold in the Oklahoma City commercial real estate market.
Investment Highlights
- BONUS DEPRECIATION - Property may qualify for accelerated depreciation through a cost segregation study. Consulting your Accountant or Tax Attorney is advised.
- 19+ YEARS REMAINING ON ABSOLUTE NNN LEASE - Sale-leaseback featuring zero landlord responsibilities, four 5-year renewal options, and 2% annual rent increases throughout the primary term and options.
- CORPORATE GUARANTEE BY CLUB CAR WASH - Lease backed by Club Car Wash, a rapidly expanding car wash operator with 235+ locations across 13 states.
- PRIVATE EQUITY BACKED TENANT - Club Car Wash is backed by Wildcat Capital Management, a multi-billion-dollar investment firm, supporting the tenant's continued acquisition and greenfield expansion strategy.
- STRONG & GROWING NATIONAL BRAND - Club Car Wash continues to expand throughout the Midwest, Texas, and Colorado and is the Official Car Wash of the Kansas City Chiefs, with Chiefs tight end Travis Kelce serving as a co-owner.
- EXCELLENT UNIT-LEVEL PERFORMANCE - Strong-performing existing location with minimal direct competition within a 3-mile radius, supporting long-term operating viability.
- HIGH-TRAFFIC RETAIL LOCATION - Recently constructed property positioned off a 52,000+ VPD intersection, providing excellent visibility and consistent daily traffic.
- DOMINANT RETAIL CORRIDOR - Pad to Walmart Supercenter and Kohl's, adjacent to Walgreens, Wendy's, and Office Depot, and approximately one minute from Sam's Club, Home Depot, Target, and other national retailers.
- STRONG DEMOGRAPHICS - More than 162,000 residents within 5 miles with average household incomes exceeding $102,000, providing an attractive customer base.
- STRATEGIC OKLAHOMA CITY MSA LOCATION - Located within Oklahoma's largest metropolitan area with approximately 1.5 million residents and just 19 minutes from Will Rogers International Airport, which served approximately 4.6 million passengers in 2024.