IHOP RETAIL STRIP NORMAN, OK (OKLAHOMA CITY MSA) PRICING & FINANCIAL ANALYSIS IHOP RETAIL STRIP - NORMAN, OK IHOP Retail Strip 1049 12th Ave NE Norman, OK 73071 OFFERING SUMMARY Price $4,000,000 Cap Rate 7.00% Net Operating Income $279,745 Price PSF $413.91 Occupancy 100.0% Year Built 2011 Gross Leasable Area 9,664 SF Lot Size 1.24 Acres FINANCIAL ANALYSIS 2 PRICING & FINANCIAL ANALYSIS IHOP RETAIL STRIP - NORMAN, OK PROJECTED INCOME & EXPENSES CURRENT PSF EXPENSES CURRENT PSF Base Rent - Occupied Space 100% $309,737 $32.05 Real Estate Taxes $16,543 $1.71 GROSS POTENTIAL RENT $309,737 $32.05 Insurance $7,834 $0.81 Expense Reimbursements CAM Real Estate Tax Recoveries $6,957 $0.72 Electric $3,568 $0.37 Insurance Recoveries $3,294 $0.34 Landscape $3,300 $0.34 CAM Recoveries $0 $0.00 Management Recoveries $0 $0.00 Total CAM $6,868 $0.71 Total Expense Reimbursements $10,251 $1.06 Management Fee 2.80% $9,000 $0.93 EFFECTIVE GROSS REVENUE $319,990 $33.11 Total Expenses $40,245 $4.16 Operating Expenses Total Insurance $7,834 $0.81 Total Real Estate Taxes $16,543 $1.71 Total CAM $6,868 $0.71 Management Fee 2.80% $9,000 $0.93 Total Recoverable Expenses $40,245 $4.16 Net Operating Income $279,745 $28.95 For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990
[email protected] FINANCIAL ANALYSIS 3 RENT ROLL IHOP RETAIL STRIP - NORMAN, OK Tenant Suite SQ FT % of SQFT Lease Dates Minimum Rent Recoveries Total % of Start End Annual Monthly PSF Annual PSF Revenue Revenue IHOP 100