2317 S Douglas Blvd Midwest City, OK 73130
NNN leased Zaxby's with over 11 years remaining.
Building Details
- Year built
- 2017
Source:
Bullrealty
Listing Agent: Nancy Miller, Ccim, Mba
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Zaxby's NNN Lease Opportunity
This property presents an opportunity to acquire a Zaxby's location in Midwest City, Oklahoma. The property features a newer farmhouse-style building of approximately 3,650 square feet. The location benefits from its position on a signalized corner with a traffic count exceeding 17,500 vehicles per day. Furthermore, it is situated less than 1/4 mile from Interstate 40, which experiences over 40,300 vehicles per day. The surrounding area is a busy retail corridor with national retailers including Dunkin’, Baskin Robbins, Firehouse Subs, Sonic, KFC, Whataburger, KinderCare, IBC Bank, State Farm, and Freddy’s. The property is near Tinker Air Force Base, which employs over 25,000 military and civilian personnel. The five-mile demographics show a population exceeding 110,000 and an average household income over $77,500. Zaxby's operates over 991 corporate and franchise locations in 17 states. The absolute NNN lease has over 11 years remaining on its initial 20-year term, with 10% rent increases scheduled every 5 years. The franchise operator has been in business since 2003 and operates 13 Zaxby's units in Oklahoma and Georgia. Goldman Sachs invested in the brand in 2020.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.3721796
- Latitude
- 35.4919065
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FAQs
What type of property is this?
Drive through restaurant - NNN leased Zaxby's with over 11 years remaining.
Where is this drive through restaurant located?
The property is located at 2317 S Douglas Blvd Midwest City, OK.
What is the asking price?
The asking price for this property is $2,111,597.
What are key features of this property?
This property features: - Absolute NNN lease with 11+ years remaining and 10% rent increases every 5 years.; - Priced at a desirable 7.42% cap rate.; - Located less than 1/4 mile from Interstate 40 with 40,300 VPD and at a signalized intersection with 17,500 VPD.