Hill Manufacturing

2333 West Wichita Street, Broken Arrow, OK 74012

$3,435,600

Cap Rate 6.25%

Views: 97 DOM: 264 Updated: 10.25.24 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 9.2	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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Key Features

Build to suit
In location for years
Highway close
Dense 200M+ pop 5 mi
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Hill Manufacturing Wikipedia Broken Arrow, Oklahoma Zip Code 74012 Broker Site Page

Maps

Local Information

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

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25373 Views
63 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23592 Views
59 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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