Brand New 2022 Construction | 16 Years Remaining on a 20-Year NNN Lease Commencing June 2022, Plus Three 5-Year Renewal Options Extending Potential Occupancy Through 2057
True NNN Lease | Tenant Responsible for Roof & Structure, Delivering Passive, Management-Free Ownership With No Landlord Capital Obligations or Operating Expense Exposure
Scheduled 8% Rent Increase in June 2027 Lifts the Going-In Yield From 5.75% to Approximately 6.21%, a ~46 Basis Point Increase
Directly Across from Owasso High School | One of the Largest High Schools in Oklahoma With Approximately 3,000 Students in Grades 9–12, Driving a Built-In Daytime Customer Base And Strong Lunch-Daypart Traffic for the Tenant
McAlister’s Deli | 500+ Restaurants Across 29 States And a Flagship Brand Within GoTo Foods, the Roark Capital-Owned Platform Operating Over 7,400 Locations in All 50 States And 71 Countries
Affluent, Fast-Growing Owasso, OK | Third Largest City in the Tulsa Metro And One of the Fastest-Growing in the State, up More than 17% Since the 2020 Census
Strong Household Demographics | Median Household Income Approaching $80,000 With Steady ~2.5% Annual Population Growth Within an Established Upscale Retail Corridor Just North of Tulsa