2539 SE Washington Blvd - Fast Food FOR SALE


Bartlesville, OK 74006
$2,850,000 USD
972-860-9920
2539 SE Washington Blvd, Bartlesville, OK for Sale
$2,850,000 USD
Fast Food - FOR SALE
1/5
null | 5.75% Cap Rate

2539 SE Washington Blvd
Bartlesville, OK 74006


OVERVIEW

Brand New 2022 Construction | 16.5 Years Remaining on a 20-Year NNN Lease Commencing November 2022, Plus Three 5-Year Renewal Options Extending Potential Occupancy Through 2057 True NNN Lease | Tenant Responsible for Roof & Structure, Delivering Passive, Management-Free Ownership With No Landlord Capital Obligations or Operating Expense Exposure Scheduled 8% Rent Increase in November 2027 Lifts the Going-In Yield from 5.75% to Approximately 6.21%, a ~46 Basis Point Increase in Return Within the First Five Years of Ownership Anchored by a Stable Corporate Employment Base | Bartlesville is the Birthplace And Longtime Home of Phillips Petroleum, Now Phillips 66 And ConocoPhillips, Whose Major Bartlesville Campus Remains the Area’s Largest Employer (Click HERE for More Info) McAlister’s Deli | 500+ Restaurants Across 29 States And a Flagship Brand Within GoTo Foods, the Roark Capital-Owned Platform Operating Over 7,400 Locations in All 50 States And 71 Countries Positioned on Bartlesville’s Primary Retail Corridor | SE Washington Boulevard Along U.S. Highway 75 is the City’s Dominant Commercial Artery, Surrounded by Established National Retail Including Walgreens, Chili’s, Freddy’s, And Atwoods Regional Hub of Northeast Oklahoma | County Seat of Washington County And the Dominant Retail, Medical, And Employment Center for a Broad Rural Trade Area, Roughly 50 Miles North of Tulsa, Pulling Demand Well Beyond the City’s ~39,000 Residents

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$758 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McAlister's Deli

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

AA1

APN/PARCEL ID

0025954

ASK ABOUT THIS PROPERTY

Adam GottschalkSUMMIT REMore Info
972-860-9920

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Adam GottschalkSUMMIT REMore Info
972-860-9920

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