Ada, OK NNN Restaurant

1220 N Mississippi Ave, Ada, OK

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For Sale

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NNN leased Applebee's with over 7 years remaining.

Type:RETAIL

Property size:

4,858 SF

Lot size:

2.02 Acres

Price / SF:

$819/SF

HighLights

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.
Guaranteed by RMH Franchise Holdings, a large operator with over 130 restaurants.
Strategic location on N Mississippi Ave (13,000+ vehicles per day), the main thoroughfare in Ada, OK.
Desirable 2.62‑acre land parcel near major retailers like Home Depot and Walmart.

We can help!

Listing Contact

Jordan Mulloy

For Sale

Contact for pricing

NNN leased Applebee's with over 7 years remaining.

Type:RETAIL

Property size:

4,858 SF

Lot size:

2.02 Acres

Price / SF:

$819/SF

Added:: Apr 10, 2025
Days on Market:: 433
Last Refresh:: May 20 at 8:29 pm

Property Features for 1220 N Mississippi Ave

General Information

Standard status: Active
Size: 4,858 SF
Lot size: 2.02 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jordan Mulloy

Listing agent Daniel Hoogesteger License #TX 644481

Listing office Sands Investment Group (SIG) | Austin

Listing date Apr 10, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Austin

HighLights

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.
Guaranteed by RMH Franchise Holdings, a large operator with over 130 restaurants.
Strategic location on N Mississippi Ave (13,000+ vehicles per day), the main thoroughfare in Ada, OK.
Desirable 2.62‑acre land parcel near major retailers like Home Depot and Walmart.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Applebee's Grill + Bar Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Ada
County: Pontotoc
State: Oklahoma
Longitude: -96.6693
Latitude: 34.7876

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For sale
Restaurants
OK
Ada
1220 N Mississippi Ave

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.

1220 N Mississippi Ave, Ada, OK

NNN leased Applebee's with over 7 years remaining.

Property Features for 1220 N Mississippi Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Equestrian-Ready Farm Living

Ada Auto Shop on Broadway

Ada, OK Retail Opportunity

Scenic Acreage Near Ada, Oklahoma

Drive-Through Restaurant with NNN Lease

New Freddy's NNN Lease

High-Visibility Car Wash Opportunity

Multi-Tenant Medical/Office Building For Sale

Ada Retail Property For Sale

Highway 1 Commercial Real Estate

Retail Storefront With Street Access

Ada Mixed-Use Commercial Building

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