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.