Drive-Through KFC Absolute
206 N Wilson Ave Sand Springs, OK 74063
206 N Wilson Ave, Sand Springs, OK, 74063
$950,000
For Sale
$950,000
Absolute NNN KFC at a signalized intersection with drive-thru and CoStar-reported 14K+ vehicles daily exposure.
Property Size3,498 SF
Lot Size0.43 Acres
Price / SF$271.58
Days on Market41
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
Building Details
- Year Built
- 1979
Listing agency
ALIVE Commercial Real Estate
Listed by
Patrick Follett · License #01796180
Source
Commercialcafe
Added: Jun 12 Updated: Jul 21 at 11:49PM Checked: Jul 22 at 3:00AM
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 includes a drive-thru and is located on a 0.43-acre parcel. Public records indicate the building is 3,498 SF. The property was purchased in 2018 as a 15-year sale leaseback, with just over 7 years remaining in the primary term and two additional 5-year options. A scheduled 7.5% rental increase will occur in July 2028, and the same increase is set to apply during each option period if the tenant extends.
The lease was assigned in 2021 to Silver Chicken Food Group, a franchisee owned by MBN Brands. The restaurant sits at a signalized intersection and has exposure to 14K+ vehicles per day, as reported by CoStar. The surrounding retail area includes national tenants such as Walmart, CVS, O’Reilly Auto Parts, Advance Auto Parts, and ALDI, along with other retail and service users.
Offered for sale, this investment features an active, structured lease with multiple renewal periods and defined rental increases.
The lease was assigned in 2021 to Silver Chicken Food Group, a franchisee owned by MBN Brands. The restaurant sits at a signalized intersection and has exposure to 14K+ vehicles per day, as reported by CoStar. The surrounding retail area includes national tenants such as Walmart, CVS, O’Reilly Auto Parts, Advance Auto Parts, and ALDI, along with other retail and service users.
Offered for sale, this investment features an active, structured lease with multiple renewal periods and defined rental increases.
Key Highlights
- Absolute NNN KFC with drive‑thru at a signalized intersection near Highway 412 in Sand Springs, OK
- Built in 1979; 3,498 SF building on a 0.43‑acre parcel (public records)
- CoStar‑reported traffic exposure of 14K+ vehicles per day at the intersection
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $18.00 |
| − Vacancy | −$1.9k | −$0.54 |
| EGI | $61.1k | $17.46 |
| − OpEx | −$15.3k | −$4.37 |
| NOI | $45.8k | $13.10 |
3,498 SF · lease $18.00/SF/yr · vacancy 3.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN KFC at a signalized intersection with drive-thru and CoStar-reported 14K+ vehicles daily exposure.
Where is this nnn property 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 at a signalized intersection near Highway 412 in Sand Springs, OK; Built in 1979; 3,498 SF building on a 0.43‑acre parcel (public records); CoStar‑reported traffic exposure of 14K+ vehicles per day at the intersection
