2317 S Douglas Blvd - Fast Food FOR SALE


Midwest City, OK 73130
$2,206,900 USD
678-613-7327
2317 S Douglas Blvd, Midwest City, OK for Sale
$2,206,900 USD
Fast Food - FOR SALE
1/3
null | 7.1% Cap Rate

2317 S Douglas Blvd
Midwest City, OK 73130


HIGHLIGHTS

  • Recent price adjustment to a 7.1% cap rate for this absolute NNN lease with over ±11.5 years remaining on the initial 20-year term.
  • Superior location at signalized intersection, over 17,500 VPD, with nearby national retailers and 1/4 mile from Interstate 40 with ±40K VPD.
  • Tinker AFB, the largest single-site employer in the state with 25,000 employees is nearby.
  • Five-mile demographics include a population over 110,000 and average household income over $77,500.
  • Zaxby’s, a highly regarded QSR, has over 950 nationwide with Goldman Sachs as a 50% equity partner since 2020.
  • Experienced Operator/Guarantor since 2003 with 13-unit Zaxby’s units.

OVERVIEW

This absolute NNN Zaxby’s, a top 50 national QSR brand, has ±11.5 years remaining on an absolute NNN lease. Located in Midwest City (Oklahoma City MSA), this attractive ±3,650 SF location is at a signalized corner with over 17,500 VPD and less than 1/4 mile from Interstate 40 with over 40,300 VPD. This busy retail corridor features several national retailers including Dunkin’ Donuts, Baskin Robbins, Firehouse Subs, Sonic, KFC, Whataburger , KinderCare, IBC Bank, State Farm, Freddy’s, and more. Nearby Tinker Air Force Base, with more than 25,000 military and civilian employees, is the largest single-site employer in the state. The Base’s economic impact on the surrounding community has been calculated at over $6.6 billion for 2023 alone. The five mile demographics include a population over 110,000 and an average household income over $77,500. Zaxby’s, known for its creative preparation of chicken, wings and sauces, operates over 950 corporate and franchise locations nationwide. 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 property is priced at $2,206,900 and a 7.1% cap rate. Broker of Record: Brian Brockman Bang Realty bor@bangrealty.com 513-898-1551 OK License #177814

FOR SALE DETAILS

PRICE

$2,206,900 USD

PRICE/SF

$604 USD /SF

CAP RATE

7.1%

% 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

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

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

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