2589 S Muskogee Ave - Fast Food FOR SALE


Tahlequah, OK 74464
$7,250,000 USD
480-221-4221
2589 S Muskogee Ave, Tahlequah, OK for Sale
$7,250,000 USD
Fast Food - FOR SALE
1/9
null | 5% Cap Rate

2589 S Muskogee Ave
Tahlequah, OK 74464


HIGHLIGHTS

  • Brand New 15-Year Lease | Options To Extend |Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple (land & building ownership) in an absolute NNN leased, Chick-fil-A investment property located in Tahlequah, Oklahoma. The tenant, Chick-fil-A, recently signed a brand new 15 year lease with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$1,226 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,194 SF

ZONING

-

APN/PARCEL ID

3999-04-16N-22E-0-046-00

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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