Absolute NNN KFC with
For Sale
$950,000
206 N Wilson Ave, Sand Springs, OK 74063
Absolute NNN KFC on a 0.43-acre parcel with a drive-thru at a signalized intersection.
Property Size3,498 SF
Lot Size0.43 Acres
Price / SF$271.58
Days on Market98
Property Features for 206 N Wilson Ave
General Information
Standard status
Active
Size
3,498 SF
Lot size
0.43 Acres
Property subtype
Retail - Freestanding
Occupancy
100%
Site & Location
Traffic Count
14,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6%
Building Details
Building Size
3,498 SF
Year Built
1979
Year Renovated
1995
Tenancy
Single
Listing Agency:
ALIVE Commercial Real Estate
Listed By:
Patrick Follett · License #01796180
(916) 871-2269
Source:
Commercialcafe
Added: Jun 1
Changed: Sep 3
Last Checked: Sep 5 at 4:31AM
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 ALIVE Commercial Real Estate
Investment Insights
Based on property information with market context.
This Absolute NNN KFC with drive-thru is offered for sale at 206 N Wilson Ave, Sand Springs, OK. Public records indicate a 3,498 SF building on a 0.43-acre parcel. The current ownership purchased the property in 2018 as part of a 15-year sale-leaseback and there is just over 7 years remaining on the primary lease term, followed by two additional 5-year options.
The lease was assigned in 2021 to Silver Chicken Food Group, a franchisee owned by MBN Brands. A scheduled 7.5% rental increase is set to take place in July 2028, and rental increases also apply during the option periods should the tenant elect to extend the lease. The KFC is located at a signalized intersection with exposure to 14K+ vehicles per day, per CoStar.
The property sits just north of the Sand Springs Expressway in a retail area with tenants including Walmart, CVS, O’Reilly Auto Parts, Advance Auto Parts, ALDI, and Planet Fitness, along with other retailers. For additional details, please contact Patrick Follett directly at 916.871.2269.
The lease was assigned in 2021 to Silver Chicken Food Group, a franchisee owned by MBN Brands. A scheduled 7.5% rental increase is set to take place in July 2028, and rental increases also apply during the option periods should the tenant elect to extend the lease. The KFC is located at a signalized intersection with exposure to 14K+ vehicles per day, per CoStar.
The property sits just north of the Sand Springs Expressway in a retail area with tenants including Walmart, CVS, O’Reilly Auto Parts, Advance Auto Parts, ALDI, and Planet Fitness, along with other retailers. For additional details, please contact Patrick Follett directly at 916.871.2269.
Key Highlights
- Absolute NNN KFC with drive‑thru located in Sand Springs, OK
- 3,498 SF building on a 0.43‑acre parcel
- Signalized intersection location with exposure to 14K+ vehicles per day (per CoStar)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,806
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,120
$916.1K
Cap Rate 7%
$654,371
$654.4K
Cap Rate 9%
$508,956
$509.0K
Market Conditions
NOI Build-Up for 3,498 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.0K $18.00/SF
− Vacancy
−$1.9K −$0.54/SF
EGI
$61.1K $17.46/SF
− OpEx
−$15.3K −$4.37/SF
NOI
$45.8K $13.10/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,120
Cap Rate 7%
$654,371
Cap Rate 9%
$508,956
Alternative Uses
Best Use
Specialty Retail
$654.4K
$572.6K – $763.4K
NOI $45,806 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$788.4K
$689.8K – $919.8K
NOI $55,185 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 74063, OK
30,630
Population
12,823
Households
2.4
Avg Household Size
42
Median Age
24%
College-Educated
91%
High-School Grad
129.8 sq mi
ZIP Area
236
Density / Sq Mi
$71,569
Median Household Income
$41,815
Median Earnings
$989
Median Rent
$187,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Absolute NNN KFC on a 0.43-acre parcel with a drive-thru at a signalized intersection.
Where is this drive through restaurant located?
The property is located at 206 N Wilson Ave Sand Springs, OK.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Absolute NNN KFC with drive‑thru located in Sand Springs, OK; 3,498 SF building on a 0.43‑acre parcel; Signalized intersection location with exposure to 14K+ vehicles per day (per CoStar)
