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 SFLot size:
2.02 AcresPrice / 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
Listing agent Jordan Mulloy
Listing office Sands Investment Group (SIG) | Austin (844) 474-4666
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
Location Insight
- Map
- Local Demand
- City
- Ada
- County
- Pontotoc
- State
- Oklahoma
- Longitude
- -96.6693
- Latitude
- 34.7876
Nearby Similar for Sale
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.
