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    1220 N Mississippi Ave Ada, OK

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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
    Added:
    Apr 10, 2025
    Days on Market:
    385
    Last Refresh:
    Apr 5 at 11:01 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

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    Listing Contact
    Jordan Mulloy

    Listing agent Jordan Mulloy

    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


    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Applebee's Grill + Bar Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Ada
    County
    Pontotoc
    State
    Oklahoma
    Longitude
    -96.6693
    Latitude
    34.7876

    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.
    (844) 474-4666 Call to check price and availability
    More about this property
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