617 NW 88th Street,Oklahoma City, OK 73114
Oklahoma City, OK 73114
Description
Unbeatable Cash-Flow Math at $199,999 At the newly slashed price of $199,999 (down from $234,999), the math on this NNN investment isn't just compelling, it's undeniable. You are buying a fully turnkey, zero-headache commercial asset generating a minimum of $36,000/year in base rent on day 1. That's a 18% gross yield on a sub-$200k purchase price, backed by an established daycare tenant with a proven clientele and 3 years remaining on their 5-year lease. True NNN Lease: The tenant pays 100% of property taxes, property insurance, and operating expenses. Every dollar of rent goes straight to your bottom line. Built-In Growth: Features automatic annual rent escalations, guaranteeing your yield increases every single year above the current $3,000/month baseline. Day-1 Income: Instant, predictable cash flow from an experienced operator with zero ramp-up time or vacancy loss. Zero Looming Capital Expenditures: All major heavy lifting is done for you: Brand-New HVAC: Installed July 2026 New Water Heater: Replaced in 2025 New Roof: To be installed prior to closing at the seller's expense You are securing a long-term, inflation-hedged income stream with zero major CapEx risk on the horizon for under $200k. Opportunities with this yield profile and structural protection do not last. This is for the sale of the building only. Tenant/daycare pays all expenses including property tax and property insurance, true NNN. Automatic rental escalation (meaning the rent increases each year automatically). The daycare is owned by an experienced operator. This is a established daycare that has been operating for many years with an established clientele. The new building owner will start receiving cash-flow day 1. The new HVAC system was installed July 27, 2026. The water heater was replaced in 2025. The roof will be replaced before closing. 3 years left on the 5 year lease agreement.
Details
| MLS # | 1253538 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 10 |
| Listing Provided By | KLC Real Estate LLC | Soddee Knight |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,136 |
| Story(s) | 2 |
| Acreage | 0.24 |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | Natural Gas |
| Fireplaces Total | 0 |
Exterior
| Lot Features | Interior Lot |
|---|---|
| Foundation Details | Slab |
Parking
| Garage Spaces | 0 |
|---|
Taxes
| Okc Tax Amount | 1351.9000 |
|---|---|
| Tax Block | 033 |
| Tax Lot | 36 THRU 38 |
Area Information
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73114 |
| School District | Oklahoma |
| School District | John Marshall HS |
| Elementary School | Britton ES |
| High School | John Marshall HS |
| Listing VS Median (in 73114) | |
Price: $199,999 low | high Med: $189,950 sqft: 2,136 low | high Med: 1,228 $ / sqft: $94 low | high Med: $155 On site: 10 low | high Med: 102 | |
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Learn More About This Property
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73114 |
| School District | Oklahoma |
| School District | John Marshall HS |
| Elementary School | Britton ES |
| High School | John Marshall HS |
| Listing VS Median (in 73114) | |
Price: $199,999 low | high Med: $189,950 sqft: 2,136 low | high Med: 1,228 $ / sqft: $94 low | high Med: $155 On site: 10 low | high Med: 102 | |
