1000 W Covell Rd - Restaurant FOR SALE
Edmond, OK 73003 |
$3,103,000 USD
214-643-6097
1000 W Covell Rd
Edmond, OK 73003
HIGHLIGHTS
- BRAND NEW 15-YEAR ABSOLUTE NNN LEASE: Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years
- GUARANTOR: PG EDM, LLC owns & operates 3 locations in the Oklahoma City metropolitan area. QS Culinary (operator) own & operates over 85 restaurants
- SEASONED LOCATION | HIGH SALES VOLUME: Successfully open and operating since 2014 with an attractive 7.45% Rent to Sales Ratio (YE 2024)!
- TRAFFIC COUNTS: Pad site to Lowe’s Home Improvement - prime ±0.735-acre parcel located just off a signalized hard corner where traffic exceeds 26,400!
- 2024 AFFLUENT DEMOGRAPHICS: Total Population (5MI): 142,791 | Average Household Income (1MI): $146,853
FOR SALE DETAILS
PRICE
$3,103,000 USD
PRICE/SF
$517 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PEPPERONI GRILL – EDMOND, OK
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.74 AC
LAND SF
32,021 SF
ZONING
C
APN/PARCEL ID
209771020
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214-643-6097
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214-643-6097
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