206 N Wilson Ave - Fast Food FOR SALE


Sand Springs, OK 74063
$954,062 USD
916-871-2269
206 N Wilson Ave, Sand Springs, OK for Sale
$954,062 USD
Fast Food - FOR SALE
1/7
null | 6% Cap Rate

206 N Wilson Ave
Sand Springs, OK 74063


OVERVIEW

In Association with ParaSell, Inc. A Licensed Oklahoma Real Estate Broker # 183645 ParaSell Inc. and ALIVE Commercial Real Estate are pleased to offer this Absolute NNN KFC with drive-thru located in Sand Springs, OK. The property is being offered at a list price of $950,000 which is reflective of a 6.0% Cap Rate. Current ownership purchased the property as a 15 year sale leaseback in 2018 and there are just over 7 years of primary term remaining on the lease with 2, 5 year options to follow. There is a scheduled 7.5% rental increase which will take place in July 2028 as well as in each of the options periods should the tenant elect to extend the lease. In 2021 the lease was assigned to Silver Chicken Food Group which is a franchisee owned by MBN Brands. The KFC is located at a signalized intersection with exposure to 14K plus vehicles per day (per CoStar). Public records indicate the building is comprised of 3,498 SF situated on a 0.43 acre parcel. KFC is situated just north of the Sand Springs Expressway in an area with a substantial amount of retail tenants, including: Walmart, CVS, O'Reilly Auto Parts, Advance Auto Parts, ALDI, Planet Fitness as well as many others. Please contact Patrick Follett directly at 916.871.2269 to discuss further details of this low price point Absolute NNN KFC with a proven track record.

FOR SALE DETAILS

PRICE

$954,062 USD

PRICE/SF

$352 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

CG

APN/PARCEL ID

63150-91-11-16230

ASK ABOUT THIS PROPERTY

Patrick FollettALIVE Commercial Real EstateMore Info
916-871-2269

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Patrick FollettALIVE Commercial Real EstateMore Info
916-871-2269

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