Frosted Mug Bar and Grill 1800 S Meridian Ave

Investment Highlights

excellent business Strong traffic count NNN Investment Oportunity

Executive Summary

"DO NOT DISTURB TENANT"Located at 1800 S Meridian Ave in Oklahoma City, OK, The Frosted Mug Bar and Grill presents a highly desirable NNN investment opportunity. The property is strategically located at the intersection of SW 15th and S Meridian and offers excellent visibility and exposure along the bustling S Meridian corridor. The building is 6,344 square feet, situated on a 1.72-acre lot. and includes ample parking.Operating successfully for over 12 years, The Frosted Mug Bar and Grill boasts a solid track record of success. With an annual rent of $192,000 and option term rental increases of 12%, this investment promises attractive returns and the potential for further growth.The lease structure is NNN, placing the responsibility for structural maintenance, roof repairs, parking lot upkeep, HVAC, and plumbing on the tenant. This arrangement ensures minimal management obligations for the investor, offering a truly hassle-free investment opportunity.The Frosted Mug Bar and Grill has demonstrated its pro?tability, with impressive revenue exceeding $3 million in 2023, with expansion planned for the local market. This established success serves as a testament to the viability and enduring appeal of this thriving establishment.Building Size: 6,344 square feetLot Size: 1.72 acresLease Type: NNN (Triple Net Lease) with 7+ years left on initial termAnnual Rent: $192,000Lease Structure: Option term rental increases of 12%Revenue: Revenue exceeding $2 million in 2022

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    6,344
• Building Class    B
• Year Built    1999
• Price    3,100,000
• Price Per SF    489
• Cap Rate    6.19
• NOI    192,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    1.72 AC

• Pylon Sign
• Restaurant
• Signage
• Air Conditioning