418 Main St - Fast Food FOR SALE


Jenks, OK 74037
$2,700,000 USD
918-935-2010
418 Main St, Jenks, OK for Sale
$2,700,000 USD
Fast Food - FOR SALE
1/31
null | 6.4% Cap Rate

418 Main St
Jenks, OK 74037


HIGHLIGHTS

  • Absolute Net Lease Single Tenant Investment with a full 20 years on the lease term.
  • Experienced Franchisee with 16 locations
  • Growing submarket in Tulsa, OK

OVERVIEW

New 20-year absolute net lease with Slim Chickens located in Jenks (suburb of Tulsa). Rent increases of 10% annually. Construction is scheduled to be completed at the end of July and the lease will be executed at the Close of Escrow. The franchisee was named Franchisee of the Year in 2022 and this will be the operators 16th Slim Chickens location. Jenks is experiencing enormous economic growth ($800MM+) with the recent opening of the Tulsa Premium Outlet Mall and new downtown revitalization. For more information, please review the Offering Memorandum.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$736 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

Commercial

APN/PARCEL ID

60525-83-19-04200

ASK ABOUT THIS PROPERTY

Grant StewartWiggin PropertiesMore Info
918-935-2010

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Grant StewartWiggin PropertiesMore Info
918-935-2010

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