405-664-0062
6825 SE 29th St, Midwest City, OK for Sale
Fast Food - FOR SALE
1/2
null | Request Cap Rate

6825 SE 29th St
Midwest City, OK 73110


HIGHLIGHTS

  • Absolute NNN - Zero Landlord Responsibilities
  • 3 + Years Remaining on Lease - Sublease with Surf Bar
  • Newly-Renovated Restaurant

OVERVIEW

Price Edwards & Co is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, Surf Bar investment property located in Midwest City, Oklahoma (Oklahoma City MSA). The tenant, Johnnie’s Group, LLC, has over 3 years remaining on its current lease term. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Jones Boys Enterprise, LLC (dba Surf Bar) currently occupies the building as a subtenant, paying monthly rent in the amount of $8,596.33 from 8/1/2022 to 11/30/2028. Drive Thru in place

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C-3

APN/PARCEL ID

150251500

ASK ABOUT THIS PROPERTY

Girma MoaningPrice Edwards & CompanyMore Info
405-664-0062

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Girma MoaningPrice Edwards & CompanyMore Info
405-664-0062

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