6230 3rd st - Restaurant FOR SALE


Oklahoma City, OK 73128- W South Oklahoma City
$3,000,000 USD
972-755-5279
6230 3rd st, Oklahoma City, OK for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

6230 3rd st
Oklahoma City, OK 73128
W South Oklahoma City


HIGHLIGHTS

  • Freestanding Restaurant with 7 Years Remaining on Absolute Net Lease with 10 Percent Rent Increase in 2026
  • 9,740 SF Building Built in 2017 with Below Market Rent at $20 Per SF and Strong Store Sales Location with a Healthy Rent-to-Sales Ratio
  • Strong Store Sales Location with a Healthy Rent-to-Sales Ratio
  • Outparcel to Westgate Marketplace Shopping Center Over 442,000 GLA Square Footage
  • Anchor Tenants Include Walmart (2.9 Million Annual Visits), Home Depot (810K Annual Visits), Hobby Lobby (332K Annual Visits), Best Buy and More
  • Less Than 5 Miles from Will Rogers International Airport with Direct Access to Interstate 40 with Traffic Counts of 90,500 VPD

OVERVIEW

Paine Net Lease Team at Marcus & Millichap is pleased to offer for sale Hook & Reel located at 6320 SW 3rd Street in Oklahoma City, Oklahoma. Hook & Reel operates under an absolute NNN lease, offering zero landlord responsibilities and fully passive income. Positioned on a highly visible outparcel to Westgate Marketplace, the asset benefits from exposure to one of Oklahoma City’s largest and most heavily trafficked retail destinations, which encompasses over one million square feet. Westgate Marketplace serves as a first-to-market draw for national brands and consistently attracts consumer traffic.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hook & Reel Absolute Net Lease Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

F1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John PainePaine Net Lease Team at Marcus & MillichapMore Info
972-755-5279

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John PainePaine Net Lease Team at Marcus & MillichapMore Info
972-755-5279

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