Property Summary

ESSENTIAL INFORMATION

  • AT&T and DCP Corporate Guarantees
  • Rapidly Growing & Affluent Submarket
  • Low Local Unemployment
  • Large Corporate Corridor
  • Proximate to Substantial Medical Presence
  • Recession Resistant Businesses
  • Pandemic Resistant Businesses
  • Status CLOSED
  • Area 128,500 Square Footage
  • Location Oklahoma City, Oklahoma
  • Type Commercial Center
  • Strategy Opportunistic Institutional

Description

Sentinel Net Lease, LLC (“Sentinel”) acquired the 128,500 SF Quail Commercial Center (“QCC”) located in Oklahoma City, Oklahoma. The property is 100% occupied by AT&T and DCP Midstream, which are both credit-rated tenants. This retail net leased investment opportunity stood out to the firm as a strong, income property investment due to its credit-rated tenants and location.

Key Metrics

  • Purchase Price: $18,575,000
  • Net Rentable SF: 128,500
  • 9.4% Capitalization Rate based on Year-1 NOI
  • Estimated 2.1x Equity Multiple
  • Target 22% net IRR to investors
  • AT&T Lease Expiration: November 30, 2025. Two 5-year extension options
  • DCP Midstream has recently signed a lease renewal.
  • “NN+” Lease

Location

Address

3201 Quail Springs Pkwy, Oklahoma City, OK 73134