1901 S Green Ave - Fast Food FOR SALE


Purcell, OK 73080
$825,000 USD
650-279-5790
1901 S Green Ave, Purcell, OK for Sale
$825,000 USD
Fast Food - FOR SALE
1/4
null | 7.86% Cap Rate

1901 S Green Ave
Purcell, OK 73080


HIGHLIGHTS

  • Over 5 years remaining on corporate lease
  • Absolute NNN lease
  • Out parcel to a Walmart Supercenter
  • Established location for tenant since 2006

OVERVIEW

Taco Mayo has been at this location since 2006 and there are over 5 years remaining on absolute NNN corporate backed lease. The lease calls for 6.65% fixed rent increase every 7 year lease option period. The Taco Mayo chain was founded in 1978 and currently operates 23 locations spread out in Oklahoma, Arkansas, Kansas and Texas. The subject property is situated as an outparcel to a Wal Mart Supercenter and adjacent to Heartland Pointe Shopping Center that is leased to national retailers such as Supercuts, Domino's Pizza and AT&T that help generate additional customer traffic to this area. The building is equipped with a drive through lane. The city of Purcell is located just 35 miles south of Oklahoma City.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

7.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Mayo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C-3

APN/PARCEL ID

00001306N02W001600

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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