608 S. Air Depot Boulevard - Restaurant FOR SALE


Midwest City, OK 73110
$1,815,000 USD
714-878-6004
608 S. Air Depot Boulevard, Midwest City, OK for Sale
$1,815,000 USD
Restaurant - FOR SALE
1/8
null | 5.75% Cap Rate

608 S. Air Depot Boulevard
Midwest City, OK 73110


HIGHLIGHTS

  • Corporate Guaranty (NYSE: DIN) | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Near 196-Bed SSM Health St. Anthony Hospital
  • Strong Demographics and Daytime Population in 5-Mile Trade Area

OVERVIEW

• Lease corporately guaranteed by Dine Brands Global, Inc. (NYSE: DIN) — the publicly traded parent of Applebee’s and IHOP, with 1,520+ locations across the U.S. and 17 countries • Scheduled 10% rental increases every five years throughout the base term and option periods provide steady NOI growth and an attractive inflation hedge • A Dine Brands affiliate executed a new lease in 2025 with approximately 9 years remaining plus four (4) 5-year renewal options, demonstrating long-term commitment to the site

FOR SALE DETAILS

PRICE

$1,815,000 USD

PRICE/SF

$374 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's | Absolute NNN | (NYSE: DIN)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

SPUD

APN/PARCEL ID

150414527

ASK ABOUT THIS PROPERTY

Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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