507 S Woody Guthrie St

507 S Woody Guthrie St, Okemah, OK 74859

Property Information

  • For Sale $525,000
  • Property Type Retail - Strip
  • Property Size 5,340 SF
  • Units 4
  • Lot Size 0.48 Acre
  • Parking Spaces Avail. 17
  • Parking Ratio 3.18 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 2001
  • Year Renovated 2022
  • Date Updated Aug 18, 2026

Description

Okemah, OK is located approximately 70 miles east of Oklahoma City and 65 miles south of Tulsa, situated along Interstate 40, which is a main east west thoroughfare connecting Oklahoma City to Arkansas and several vacation destinations in Southeast Oklahoma. The subject property is located along South Woody Guthrie Street, just a few parcels north of Interstate 40. Local area tenants include McDonald's, Sonic, Pepino's, and Ace Hardware. The property is located in close proximity to Okemah High School, and it has traffic counts of about 7,000 vehicles per day.507 S Woody Guthrie is listed for $525,000 at a 9.37% cap rate and 11.44% return on equity with a debt coverage ratio of 1.58. The property is listed at $95 per square foot. It features a corporate credit tenant with SSM Health that occupies 53% of the property square footage and has a triple net lease in place until 2028. They recently expanded their square footage as well, showing long-term commitment to the property. This investment is a rare opportunity to achieve a high double digit cash on cash return with a corporate medical tenant. Uplift Nutrition offers investors a value add component by increasing their rent to market.

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