Salad and Go Ground Lease 6501 N May Ave

6501 N May Ave , Oklahoma City, Oklahoma, 73116 | 1,050 sq.f | $ 1,304,350

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About This Restaurant

Investment Highlights

Corporate Guaranteed Brand New 20 Year Ground Lease with Salad and Go 619,360 Residents within a Ten-Mile Radius - Densely Populated and Growing Trade Area in the Oklahoma City MSA Surrounded by National Tenants: Sprouts Farmers Market, Home Depot, Target, Sam?s Club, Petco, Big Lots, Walmart Supercenter, and Many More Excellent Visibility at Signalized Intersection of NW 63rd St & N May Ave (Combined 44,800 Cars/Day) Rental Increases Every Five Years and Multiple Renewal Options Less Than 15 Minutes to Downtown Oklahoma City and Oklahoma State Capital

Executive Summary

After spending years in the fast food industry, the creators of Salad and Go set out on a mission ? make drive-thru fast food better and healthier. Salad and Go has been featured in numerous publications, including Refinery 29, Food & Wine, Business Insider, and 12News. The chain currently has 121 locations open and in development throughout Arizona, Texas, Oklahoma, and Nevada.Oklahoma City is the capital and largest city in the state of Oklahoma, ranking 22nd among U.S. cities in population with 681,054 residents. The Oklahoma City metropolitan area has a population of 1,396,445, and the Oklahoma City-Shawnee Combined Statistical Area has a population of 1,469,124

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    1,050
  • Year Built    2024
  • Price    1,304,350
  • Price Per SF    1,242
  • Cap Rate    5.75
  • NOI    75,000
  • Tenancy    Single
  • Building Height    1 Story

Nearby Amenities & Transportation

Retail Sprouts Farmers Market
Retail Pickleman's Gourmet Cafe
Retail Taco Bueno
Retail Dutch Bros
Retail Hooters
Retail Natural Grocers
Retail McAlister's Deli
Retail Prosperity Bank
Retail Starbucks
Retail Club Pilates
Date Created: 2024-07-16 04:18:07 Last Updated: 2024-07-16 04:18:07
Address: 6501 N May Ave , Oklahoma City, Oklahoma, 73116