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East State Highway 85A
Bernice, OK 74331
Asking Price
$1.30M
Asset Type
Restaurant Retail
Class
Class B
What's Special
Storefront, Warehouse, and Coffee Shop Right off Hwy 85a!! <ul><li>Leases extending through 2030</li><li>One owner, relatively new build (2023)</li><li>16,000 sf on ~1 acre property</li><li>High visibility near Grand Lake, Monkey Island, and Shangri La</li><li>Parking for ~55 vehicles</li><li>4 bay doors (Three 10' x 11', one 20' x 11')</li><li>All utilities, including fiberoptics</li><li>Apartment Unit/Office space in back</li><li>Warehouse space in back</li></ul>
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NOI
$80,000
Cap Rate
6.15%
DSCR
1.04
Tight
Cash-on-Cash
0.72%
Monthly Payment
$6,431.691
Annual Cash Flow
$2,819.712