2615 W Broadway St - Fast Food FOR SALE


Ardmore, OK 73401
$1,935,043 USD
332-345-4206
2615 W Broadway St, Ardmore, OK for Sale
$1,935,043 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

2615 W Broadway St
Ardmore, OK 73401


HIGHLIGHTS

  • Long Term NNN Lease A brand new 20-year lease will be signed at the close of escrow, with no landlord responsibilities
  • Attractive Rental Increases The lease will feature annual increases of one-and-a-quarter percent (1.25%) starting in year six (6)
  • Experienced Operator
  • National Concept

OVERVIEW

Surmount is pleased to present the Broker Opinion of Value for a KFC located at 2615 W Broadway St, Ardmore, OK 73401. The site consists of roughly 3,070 rentable square feet of building space on an estimated 0.57-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,940 and has scheduled increases of 1.25% starting in year 6.

FOR SALE DETAILS

PRICE

$1,935,043 USD

PRICE/SF

$630 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C1

APN/PARCEL ID

0385-00-001-001-0-001-00

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

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Russell WachtlerSurmountMore Info
332-345-4206

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