6320 SW 3Rd St Oklahoma City, OK 73128
Freestanding restaurant with 7 years remaining on absolute net lease.
Lot size:
0.97 AcresProperty Features for 6320 SW 3Rd St
General Information
- Lot size
- 0.97 Acres
Source:
Moodyscre
Listing Agent: John Paine
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Freestanding Restaurant on Net Lease
This freestanding restaurant property features a 9,740-square-foot building constructed in 2017. The property is subject to an absolute net lease with 7 years remaining. A rent increase of 10 percent is scheduled for 2026. The current rent is below market, at $20 per square foot. The property is an outparcel to Westgate Marketplace Shopping Center, which has over 442,000 square feet of gross leasable area and 1.2 million visitors yearly. Anchor tenants include Walmart (2.9 million annual visits), Home Depot (810,000 annual visits), Hobby Lobby (332,000 annual visits), Best Buy, Dick's Sporting Goods, Ross Dress for Less, and Cavender's Boots. The property is less than 5 miles from Will Rogers International Airport, with direct access to Interstate 40, which has traffic counts of 90,500 vehicles per day. The Oklahoma City location is home to over 1.4 million people, and population growth is expected to outpace the national rate over the next five years. The store sales are strong, with a healthy rent-to-sales ratio.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
KPOT Korean BBQ ...
Korean Restaurant
Hook & Reel Cajun ...
Seafood Restaurant
Peter Piper Pizza
Video Arcade
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.6250245
- Latitude
- 35.4614682
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FAQs
What type of property is this?
Restaurant - Freestanding restaurant with 7 years remaining on absolute net lease.
Where is this restaurant located?
The property is located at 6320 SW 3Rd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: - Freestanding restaurant with 7 years remaining on absolute net lease.; - Located in a strong store sales location with a healthy rent-to-sales ratio.; - Below market rent at $20 per SF for a 9,740 SF building built in 2017.