There are 5 years remaining on an absolute NNN lease with an experienced Carl's Jr. franchisee operating a reported 35 locations in Oklahoma and Texas. The rent reflects the 10% fixed rent increase that is scheduled to occur August 1, 2025 and every 5 year option period. Traffic is generated to this area from the nearby Max Westheimer Airport and the University Town Center which is a +/-2,000,000 sq. ft. regional lifestyle center anchored by Target, Academy Sports, Kohl's and Embassy Suites Hotel & Convention Center.
This +/-3,527 sq. ft. restaurant is situated on two parcels totaling 1.07 acres providing abundant on-site parking. Norman, Oklahoma enjoys a city population of 128,000 residents and is a bedroom community to Oklahoma City. Norman is home to the University of Oklahoma which is situated less than 3.5 miles from the subject property.