About This Restaurant
Investment Highlights
19 Years Remaining on initial 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years! Situated on a ?1.0-Acre Lot with Excellent Visibility/Access on Westside Dr (Traffic counts: 5,928) - Just West of US-75 Total Population: 26,039 | Average Household Income: $75,424 TENANT: Ram-Z Custard, LLC Owns & Operates 38 Locations Across Texas, Oklahoma, Arkansas, Missouri & Kansas (11 Freddy?s & 27 Schlotzsky?s) Traffic Counts Exceed 30,980 CPD!
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 3,123
- Building Class C
- Year Built 2018
- Price 1,926,000
- Price Per SF 617
- Cap Rate 6.75
- NOI 130,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.00 AC
Amenities
- Restaurant
- Signage
- Drive Thru
Nearby Amenities & Transportation
| Retail | First United Bank And Trust Company | ||
| Retail | Simmons Bank | ||
| Retail | IHOP | ||
| Retail | Applebee's | ||
| Retail | Cadence Bank | ||
| Retail | Jack In The Box | ||
| Retail | Boomarang Diner | ||
| Retail | Buddy's Home Furnishings | ||
| Retail | Rib Crib | ||
| Retail | Rent-A-Center |
Property Taxes
| Parcel Number | A098-00-000-00C-0-000-00 | Improvements Assessment | $47,850 |
| Land Assessment | $62,044 | Total Assessment | $109,894 |
| Date Created: | 2024-07-16 04:18:07 | Last Updated: | 2024-07-16 04:18:07 |
| Address: | 1051 Westside Dr , Durant, Oklahoma, 74701 | ||