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1220 N Mississippi Ave Ada, OK 74820

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For Sale
$3,980,165

NNN leased Applebee's with over 7 years remaining.

Property size:
4,858 SF
Lot size:
2.02 Acres

Property Features for 1220 N Mississippi Ave

General Information

Size
4,858 SF
Lot size
2.02 Acres

Source: Sands Investment Group (SIG) | Austin Agent Jordan Mulloy

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Ada, OK NNN Restaurant

This 4,858 square foot NNN property is located at 1220 North Mississippi Avenue in Ada, OK. The property is occupied by Applebee's and has over 7 years remaining on a triple net (NNN) lease with zero landlord responsibilities. The lease includes annual rent increases. The location is a high-performing unit guaranteed by RMH Franchise Holdings, which operates over 130 restaurants across 14 states. The property is strategically located on N Mississippi Ave, a main thoroughfare with an average of over 13,000 vehicles per day. It is 3 miles from East Central University, which has an enrollment of over 4,000 students, and directly across from The Home Depot. The property includes a 2.62-acre land parcel. Nearby national retailers include The Home Depot, Walmart Supercenter, ALDI, Chili's, Starbucks, Pizza Hut, Chick-fil-A, Burger King, KFC, Taco Bell, O'Reilly Auto Parts, Sonic, Arby's, Chicken Express, Jimmy John's, and Valvoline.
Insight Report Location Intelligence

Current Use by Public Records

Applebee's Grill + Bar Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ada
County
Pontotoc
State
Oklahoma
Longitude
-96.669293
Latitude
34.787583

FAQs

What type of property is this?
Restaurant - NNN leased Applebee's with over 7 years remaining.
Where is this restaurant located?
The property is located at 1220 N Mississippi Ave Ada, OK.
What is the asking price?
The asking price for this property is $3,980,165.
What are key features of this property?
This property features: - High-performing Applebee's unit with strong store sales and a healthy rent-to-sales ratio.; - Triple Net (NNN) lease with 7+ years remaining and zero landlord responsibilities.; - Annual rent increases providing a hedge against inflation.
More about this property
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