606 S Garland Rd - Fast Food FOR SALE


Enid, OK 73703
$50,000 USD
305-206-1286
606 S Garland Rd, Enid, OK for Sale
$50,000 USD
Fast Food - FOR SALE
1/10
null | Request Cap Rate

606 S Garland Rd
Enid, OK 73703


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Sam’s Southern Eatery | Walmart Outparcel | 29K VPD | Drive-Thru | AUCTION MARCH 2-4
  • Freestanding Former Sam’s Southern Eatery Restaurant on 0.92 AC Outparcel to Walmart Anchored Plaza with Lowe’s Across Street
  • ±29,511 VPD Highway Traffic Counts at Signalized Hard Corner of W Owen K Garriott Rd (US-412/60) and S Garland Rd
  • Nearby National Retailers: Walmart, Lowe’s, Atwoods Ranch & Home, Academy Sports, Harbor Freight, TJ Maxx, Bealls, Old Navy, Chick-fil-A, Shoe Dept
  • Dense Demographics with 5-Mile Population of ±44,158 and Annual Household Income of ±$74,598
  • Zoned C-2, Planned Business Center with a Variety of Permitted Uses including Restaurant

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, restaurant/retail building including drive-thru located at 606 South Garland Road in Enid, Oklahoma 73703 (the “Property”). Previously occupied by Wendy’s and most recently by Sam’s Southern Eatery, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner-users or investors to secure a flexible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE! Built in 2003, the Property consists of a ±3,212-SF single-story building including drive-thru situated on an expansive ±0.923-acre parcel (±40,192 SF) with a surface parking lot providing 35 parking spaces. Strategically positioned as an outparcel to a Walmart anchored retail plaza, the site benefits from two points of ingress and egress, including ±244 feet along US Hwy 60 (Owen K Garriott Road) which carries ±19,757 vehicles per day (VPD) and ±163 feet along S Garland Road, which carries ±9,754 VPD. The Property is located along a highly trafficked daily-needs retail corridor, less than ±1 mile from Oakwood Mall and across the street from Lowe’s, providing strong traffic exposure, and cross-shopping opportunities. Previously leased to Sam’s Southern Eatery Restaurant on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $10-12/SF Retail. Zoned C-2, Planned Business Center, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal. Enid, Oklahoma is a significant commercial and industrial hub in northwestern Oklahoma, located about 80-miles north of Oklahoma City along U.S.?Highways 60 and 412, giving the city strong regional connectivity and access to freight and trade routes. Enid serves as a primary retail, healthcare, and service center for rural northern Oklahoma and southern Kansas. The economy is anchored by manufacturing, agriculture/energy support, aviation, and healthcare, with major employers such as Tyson Foods, Vance Air Force Base contractors, Integris Bass Baptist Health Center, and St. Mary’s Regional Medical Center providing a diversified employment base that underpins commercial demand. The surrounding corridor features a mix of national retailers, restaurants, and local service providers, including Walmart, Lowe’s, Atwoods Ranch & Home, Academy Sports, Harbor Freight, TJ Maxx, Bealls, Old Navy, Chick-fil-A, Shoe Dept, GameStop, Interstate Batteries, Whataburger, Jiffy Trip, Discount Tire, Dollar Tree, and regional shopping centers that generate consistent consumer draw. The Property also benefits from strong residential density and a metropolitan population over 22k residents within a 3-mi radius and 44,158 residents within a 5-mi radius, supported by an average household income (AHHI) above $74,000.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$15 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-2

APN/PARCEL ID

4905-00-001-003-0-003-00

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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