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Restaurant Ground Lease
For Sale
$1,843,000

13229 N Pennsylvania Ave, Oklahoma City, OK 73120

Established Whataburger restaurant lease supported by a corporate guarantee.

Property Size2,530 SF
Price / SF$728.46
Days on Market152

Property Features for 13229 N Pennsylvania Ave

General Information

Standard status Active
Size 2,530 SF
Property subtype Restaurant

Amenities

Corporate Guaranteed Lease
Absolute Triple Net (NNN) Ground Lease - No Landlord expense or maintenance responsibilities
Fixed Rental Increases - 10% Rental Increases every 5 years

Building Details

Building Size 2,530 SF
Listing Agency: Phoenix Office
Listed By: Chris Doty · License #AZ: SA540467000
Source: Marcusmillichap
Added: Apr 3 Changed: Aug 31 Last Checked: Aug 31 at 12:22AM

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 Phoenix Office

Investment Insights

Based on property information with market context.

This restaurant property is offered through an established ground lease associated with Whataburger and supported by a corporate guarantee. The opportunity is located at 13229 N Pennsylvania Ave in Oklahoma City, Oklahoma 73120. The property size is listed as 2530.

Key Highlights

  • Established ground lease associated with Whataburger
  • Corporate guarantee supports the lease
  • Restaurant property offered for sale

Property Analytics

Current Use

Whataburger Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

703
Businesses Nearby
540k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 54% Dining 29% Home Improvements & Furnishings 7% Groceries 4%
Target Superstores
154,476 visits/mo 0.4 miles
Walmart Superstores
139,611 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
40,118 visits/mo 0.4 miles
Raising Cane's Chicken Fingers Dining
39,809 visits/mo 0.5 miles
Whataburger Dining
21,917 visits/mo 0.3 miles

Demographics for 73120, OK

36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
Median Home Value

Market

Vacancy Rate% for Retail in Oklahoma City, OK

9.1% 2019
7.8% 2020
8.4% 2021
8.1% 2022
7.7% 2023
7.4% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established Whataburger restaurant lease supported by a corporate guarantee.
Where is this conventional restaurant located?
The property is located at 13229 N Pennsylvania Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,843,000.
What are key features of this property?
This property features: Established ground lease associated with Whataburger; Corporate guarantee supports the lease; Restaurant property offered for sale
More about this property
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