The Vitamin Shoppe

2408 West Memorial Road - Oklahoma City OK 73134

LTV (Loan to Value)	65.00%	Current NOI	$105,000.00
Interest Rate	4.250%	Capital Rate	0.000%
Fixed Term	10 Years	Land Area	0.48 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,300,000.00	Property Type	Retail
Payment	$7,042.60	Property Lease	Health & Personal Care
Bulding Size	3,000 SF	Remaining Terms	10 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, an attractive retail property located in Oklahoma City, OK. Oklahoma City is the capital and the largest city in the state of Oklahoma, with an MSA exceeding 1.3 million people.The Property is currently 100% leased to The Vitamin Shoppe under a brand new ten (10) year lease, including two (2), five (5) year renewal options. The lease features 10% rent increases every five (5) years, including option periods.The subject Property is located just minutes from downtown Oklahoma City. Nearby tenants include Macy’s, Dillards, Sears, JCPenney, Ross, Ulta, Office Depot, UPS, and IHOP among many others.

Highlights

Excellent Tenant - As of June 28, 2014, The Vitamin Shoppe Industries, Inc. reported total revenues of $1.14 billion, a…

Property Description

Oklahoma City is the capital and largest city of the State of Oklahoma. The county seat of Oklahoma County, the city ranks 27th among United States cities in population. The population grew following the 2010 Census, with the population estimated to have increased to 610,613 as of July 2013. As of 2013, the Oklahoma City metropolitan area had a population of 1,319,677, and the Oklahoma City-Shawnee Combined Statistical Area had a population of 1,390,835 residents, making it Oklahoma’s largest metropolitan area. Oklahoma City’s city limits extend into Canadian, Cleveland, and Pottawatomie counties, though much of those areas outside of the core Oklahoma County area are suburban or rural (watershed). The city ranks as the eighth-largest city in the United States by land area (including consolidated city-counties; it is the second-largest city in the United States by land area whose government is not consolidated with that of a county).