414 NW 21st St - Restaurant FOR SALE


Guymon, OK 73942
$1,752,414 USD
918-510-6765
414 NW 21st St, Guymon, OK for Sale
$1,752,414 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

414 NW 21st St
Guymon, OK 73942


HIGHLIGHTS

  • Triple Net (NNN) Lease | This investment is subject to absolute triple-net lease with no landlord responsibilities.
  • Experienced Multi-Unit Operator | The lease is subject to a guaranty from Grand Mere Restaurant Group, a reputable Pizza Hut Franchisee
  • Long Term Lease | The Lease contains 4, 5 year renewal options, resulting in an ultimate lease term of over 34 years.

OVERVIEW

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 414 Northwest 21st Street, Guymon, OK 73942. The site consists of roughly 1,994 rentable square feet of building space on an estimated 0.361-acre parcel of land. This Pizza Hut is subject to a 20-year Triple Net (NNN) lease, which commences at the Close of Escrow. The current annual rent is $122,669 and has scheduled increases of 2.00% annually starting year 7.

FOR SALE DETAILS

PRICE

$1,752,414 USD

PRICE/SF

$879 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

700003009,700003010

ASK ABOUT THIS PROPERTY

Daniel PriceSurmountMore Info
918-510-6765

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Daniel PriceSurmountMore Info
918-510-6765

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