2317 S Douglas Blvd - Fast Food FOR SALE


Midwest City, OK 73130
$2,111,597 USD
678-613-7327
2317 S Douglas Blvd, Midwest City, OK for Sale
$2,111,597 USD
Fast Food - FOR SALE
1/3
null | 7.42% Cap Rate

2317 S Douglas Blvd
Midwest City, OK 73130


OVERVIEW

Opportunity is knocking! This MOTIVATED SELLER has reduced the price to an incredible 7.42% cap rate! Zaxby’s, a top 50 national QSR brand, expanded into the Oklahoma City MSA (Midwest City) in 2017 with a total of 4 locations in Oklahoma. Zaxby’s, with over 11 years remaining on its absolute NNN lease, features the ±3,650 SF newer farmhouse style located on a signalized corner with over 17,500 VPD. In addition to its prominent location, it is less than 1/4 mile from Interstate 40 that has over 40,300 VPD. Nearby is Tinker Air Force Base, with more than 25,000 military and civilian employees. It is the largest single-site employer in the state. The presence of the Base has an economic impact to the surrounding community at over $6.6 billion. This busy retail corridor also features many national retailers including Dunkin’, Baskin Robbins, Firehouse Subs, Sonic, KFC, Whataburger, KinderCare, IBC Bank, State Farm, Freddy’s, and more. The five-mile demographics include a population over 110,000 and an average household income over $77,500. Zaxby’s, known for its fast casual “made to order” chicken themed dishes, operates over 991corporate and franchise locations in 17 states. Goldman Sachs invested $2 Billion in 2020 to buy a 50% interest in the brand. The experienced Midwest City franchisee and guarantor operates 13 locations in Georgia and Oklahoma. The adjusted priced is $2,111,597 and a 7.42% cap rate. Broker of Record: Brian Brockman Bang Realty bor@bangrealty.com 513-898-1551 OK License #177814 - Motivated seller just reduced the price and cap rate to 7.42% making this the most competitively priced Zaxby’s on the market! - Absolute NNN lease with 11+ years remaining on 20 year initial term AND 10% rent increases every 5 years. - This outstanding Midwest City (Oklahoma City MSA) location is at a signalized intersection with 17,500 VPD plus additional traffic from Interstate 40, ¼ mile away of 40,000 VPD! - Major retailers and nearby employers include Tinker Air Force base, the largest single employer in the state with over 25,000 employees. - Five mile demographics include a population over 110,000 and average household income over $77,500. - Zaxby’s continues to expand its’ fast casual dining concept, now at 991 stores in 17 states along with its equity partner, Goldman Sachs who purchased a 50% interest in 2020. Experienced guarantor - franchise operator since 2003 with 13 Zaxby's units in Oklahoma and Georgia.

FOR SALE DETAILS

PRICE

$2,111,597 USD

PRICE/SF

$578 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxby's NNN Lease Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

212481040

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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