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Views: 14 DOM: 45 Updated: 04.25.24 Posted: 04.01.24 Status: Active 04.01.24

Summary

Price $3,435,600
Built/Renov 2005
Tenant Hill Manufacturing
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 34,426
Lease Start 03-04-2022
#Units 1
Price/SF $99.80
Expiration 03-04-2034
Tenant Type Industrial
NOI $214,725
R. Term 9.9
Ownership Fee Simple
Rent/SF $6.24
Increases 2.3%/1/yrs
Pop 5Mi 211,208
Lot/AC 2.35
Options 1/10yrs/2.25%
AHHI 5Mi $90,563

Lease Highlights

  • Hill Manufacturing & Fabrication has been operating at this location for 15+ years
  • Tenant has 9+ years remaining on their primary term with 1 (10-year) option to extend
  • The lease features 2.25% annual rent increases
  • Absolute NNN lease | Zero landlord responsibilities 
  • Corporate guaranteed lease

Location Description

The 34,426 SF building on a 2.35-acre parcel is positioned along East 61st Street South and provides great access to Highway 51 which have traffic counts of over 13,800 VPD and 103,500 VPD respectively. The site is comprised of a 4,298 SF office area, a 30,128 SF warehouse area, four loading areas (two at grade level and two at dock height), and 20 FT clear height. There are 211,208 residents...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Hill Manufacturing
  • Guarantor:Corporate
  • Company:Hill Manufacturing
  • # Units:1
  • Stock:Private

About Tenant

Hill Manufacturing & Fabrication is a certified job shop in Northeast Oklahoma that employs a variety of machinists, welders, and manufacturing professionals in making custom parts from a wide...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,633 81,565 217,066
2023 Total Population : 4,942 79,436 212,842
2023 Employed Civilian Pop : 2,738 41,359 109,719
2023 Total Businesses : 508 4,103 9,249
2023 Average Household Income : $ 92,442 $ 91,302 $ 87,390
2023 Total Consumer Spending : $ 166 M $ 2429 M $ 6225 M
2023 Median Age : 35 35 36
2023 Total Households : 2,111 30,815 82,356
2023 Pop Age 25+: Bachelor's Degree : 910 12,253 32,501
2023 Average Home Value : $ 265,831 $ 238,924 $ 231,051
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E 61st St S E 88th St 2015 15,105 0.10 mi
E 111th St N Aspen Ave 2015 28,875 0.25 mi
North Aspen Avenue W Concord St 2019 31,900 0.26 mi
N Aspen Ave W Concord St 2015 27,998 0.26 mi
West Albany Street N Hemlock Cir 2019 12,900 0.28 mi
N Aspen Ave W Concord St 2015 24,310 0.31 mi
2015 12,663 0.32 mi
2015 4,211 0.39 mi
E 61st St SW Expy Dr 2015 11,488 0.39 mi
South 145th East Avenue W Duck Rd 2019 25,000 0.46 mi

Listing Broker

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