1835 W Main St - Fast Food FOR SALE


Norman, OK 73069- Outer Norman
$2,200,000 USD
480-221-4221
1835 W Main St, Norman, OK for Sale
$2,200,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

1835 W Main St
Norman, OK 73069
Outer Norman


HIGHLIGHTS

  • 12 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Sooner Mall | University of Oklahoma (29,000+ Students) |Norman High School (2,100+ Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dairy Queen investment property located in Norman, Oklahoma. The tenant, Dairy Queen, has 12 years of lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$838 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen | 12yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,570 SF

ZONING

C-2

APN/PARCEL ID

R0171846

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.