Steady economy and growing at a reasonable pace.

The seller didn’t have an agent at first and we were trying to get it below retail.

Usually they are priced much closer to retail than anything investable.

Retail is typically highest rents per sq ft, followed by office, then warehouse/industrial.

Hi fellow investors,We recently bought our first commercial retail property, in Oklahoma City.

Fast food restaurants do that with the public, Retail stores do that with the average customer, cable companies do that with homeowners.

This is my first post, so please forgive any mistakes or blunders I make during it.I just quit my retail job yesterday and am starting work as an independent contractor for a flooring company.

Purchase price: $1,990,000 Cash invested: $1,990,000Power World Dealership - Single Tenant NNN Retail InvestmentBuilding: 12,458 SFLot: 3.55 AcresTaxes: $22,442 (2017)YOC: 1999Sale Price: $2,200,000Purchase Price: $1,990,000NOI: $189,095 (Annually)Cap Rate: 9.5%Tenant: Single TenantLease Term: 5 year with a 5 year optionSeller: Looked to simplify portfolioBuyer: Out of State Investor What made you interested in investing in this type of deal?

Maybe this is how business IS done in Lubbock as it's a smaller, slower pace place?

It should also be noted price per pier cost can vary different from contractor to contractor, from around $200/pier on the low end, to $600/pier on the Retail end.