1505 W Owen K Garriott Rd - Fast Food FOR SALE
Enid, OK 73703 |
$2,101,890 USD
858-351-4027
1505 W Owen K Garriott Rd
Enid, OK 73703
HIGHLIGHTS
- Absolute NNN Lease – Tenant is responsible for all expenses providing an investor with passive income for the next 15 years
- Experienced Operator – Meritage Hospitality Group is the largest Wendy’s operator with 375+ locations nationwide ensuring financial stability
- Attractive Annual Rental Increases – The lease is subject to CPI or 1.25% annual increases throughout the base term and option periods
- New Prototype Construction – Built in 2020, this Wendy’s location showcases the brand’s latest prototype design
- Strong Traffic – The property sits directly off the intersection of Owen K Garriott Road and Van Buren Street
- Synergistic Local Retail – The subject property is surrounded by prominent national retailers including Ross, Hobby Lobby, Starbucks
FOR SALE DETAILS
PRICE
$2,101,890 USD
PRICE/SF
$810 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WENDYS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
1.3 AC
LAND SF
56,628 SF
ZONING
C-3
APN/PARCEL ID
0000-13-22N-07W-1-313-00
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858-351-4027
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858-351-4027
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