2400 N Pennsylvania Ave - Fast Food FOR SALE


Oklahoma City, OK 73107- Epworth
$1,889,764 USD
806-392-5336
2400 N Pennsylvania Ave, Oklahoma City, OK for Sale
$1,889,764 USD
Fast Food - FOR SALE
1/5
null | 6.35% Cap Rate

2400 N Pennsylvania Ave
Oklahoma City, OK 73107
Epworth


HIGHLIGHTS

  • Absolute NNN Lease – True triple net structure with zero landlord responsibilities.
  • Long-Term Stability – 15-year ground lease with built-in rent escalations every 5 years, supporting long-term income growth.
  • Flexible Exit Strategy – Four (4) five-year renewal options provide additional holding upside.
  • Robust Daytime Population – Area population surges to over 197,000 during the day, supporting strong traffic and customer volume.
  • High-Visibility Location – Positioned at a signalized, high-traffic intersection with visibility to over 34,000 vehicles per day.
  • Corporate Guarantee – Lease backed by And Go Concepts, LLC, the parent company of Salad and Go, offering strong credit and reliability.

OVERVIEW

Salad and Go (the “Property”) is a 780 square foot drive-thru retail property located on the hard corner of NW 23rd St & Pennsylvania Ave in Oklahoma City, Oklahoma. The property is well positioned in a heavy trafficked, well-established, retail corridor with strong national retailers including Walmart Neighborhood Market, VASA Fitness, Raising Canes, Jimmy Johns, McDonalds, Panda Express, Golden Chick, Dutch Bros, and more. Recently constructed in 2022, the property operates as a drive thru and offers a designated window for mobile pickup orders. With excellent access and exposure, Pennsylvania Avenue & 23rd Street see over 34,000 vehicles per day. In the past year this location of Salad and Go achieved $1.5M in sales and nearly 130k visits. Surrounded by established neighborhoods, within three miles of the property there are over 88,000 people with a daytime population of over 197,000. This location of Salad and Go is ranked in the top 25% of locations in the state based on visits and sales. This offering includes a corporate lease with a guarantee from the Salad and Go parent company, And Go Concepts, LLC. At the close of escrow, Salad and Go will execute a sale-leaseback 15-year ground lease with built-in rental escalations every 5 years, and includes 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,889,764 USD

PRICE/SF

$1,671 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salad and Go

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

Commercial

APN/PARCEL ID

052358650

ASK ABOUT THIS PROPERTY

Greg PhelpsEDGE Realty Capital MarketsMore Info
806-392-5336

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Greg PhelpsEDGE Realty Capital MarketsMore Info
806-392-5336

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