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Miscellaneous

PLS Check Cashers

3005 S May Ave, Oklahoma City, OK 73119

Listing Price: $2,278,000

Cap Rate
6.25%
Tenant Name
PLS Check Cashers
Years Remaining On Lease
10.5
Gross SF
2,460
Guarantor
Corporate Guarantee
Rentable SF
2,460
Price/Gross SF
$926.02
Lease Type
Absolute Net
Rent Per Square Feet
$57.86

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease PLS Check Cashers in Oklahoma City, Oklahoma. The property consists of a 2,460-square foot, freestanding building that sits on approximately 0.39 acres of land. There are approximately 10.5 years remaining on the current lease term, with a 10 percent rental escalation scheduled every five years. The property is located at the signalized hard corner of South May Avenue and Southwest 29th Street, where combined traffic counts exceed 37,462 vehicles per day. The area is extremely dense with more than 206,655 residents within a five-mile radius. The population surges more than 33 percent during the day due to the proximity of main area employers like the Will Rogers World Airport and Dell corporate campus. Will Rogers World Airport is four miles from the subject property is the busiest airport in Oklahoma, with a record 2.17 million passengers in 2018. Surrounding retailers in the immediate area include Walgreens, Dollar General, McDonald’s, DD’s Discounts, Burger King, 7-Eleven, Pizza Hut, Sonic Drive-In and many more.

Investment Highlights

  • Absolute Net Lease with Approximately 10.5 Years Remaining
  • Attractive 10% Rental Escalations Every Five Years
  • Signalized Hard Corner Location with Combined Traffic Counts Exceeding 37,462 Vehicles per Day
  • More Than 206,655 Residents and a Daytime Population of 275,578 Residents (Five-Mile Radius)
  • 4 Miles From Will Rogers World Airport, Oklahoma's Busiest Airport

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: $2,278,000

Cap Rate
6.25%
Tenant Name
PLS Check Cashers
Years Remaining On Lease
10.5
Gross SF
2,460
Guarantor
Corporate Guarantee
Rentable SF
2,460
Price/Gross SF
$926.02
Lease Type
Absolute Net
Rent Per Square Feet
$57.86

Investment Highlights

  • Absolute Net Lease with Approximately 10.5 Years Remaining
  • Attractive 10% Rental Escalations Every Five Years
  • Signalized Hard Corner Location with Combined Traffic Counts Exceeding 37,462 Vehicles per Day
  • More Than 206,655 Residents and a Daytime Population of 275,578 Residents (Five-Mile Radius)
  • 4 Miles From Will Rogers World Airport, Oklahoma's Busiest Airport

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease PLS Check Cashers in Oklahoma City, Oklahoma. The property consists of a 2,460-square foot, freestanding building that sits on approximately 0.39 acres of land. There are approximately 10.5 years remaining on the current lease term, with a 10 percent rental escalation scheduled every five years. The property is located at the signalized hard corner of South May Avenue and Southwest 29th Street, where combined traffic counts exceed 37,462 vehicles per day. The area is extremely dense with more than 206,655 residents within a five-mile radius. The population surges more than 33 percent during the day due to the proximity of main area employers like the Will Rogers World Airport and Dell corporate campus. Will Rogers World Airport is four miles from the subject property is the busiest airport in Oklahoma, with a record 2.17 million passengers in 2018. Surrounding retailers in the immediate area include Walgreens, Dollar General, McDonald’s, DD’s Discounts, Burger King, 7-Eleven, Pizza Hut, Sonic Drive-In and many more.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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