6320 SW 3Rd St Oklahoma City, OK 73128

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.