13810 N Pennsylvania Ave Oklahoma City, OK 73134

This property features a long-term, net-leased Fogo de Chão restaurant located in the Memorial Road & N Pennsylvania retail corridor in Oklahoma City. The tenant operates under a 15-year lease that commenced in July 2024, providing approximately 13.5 years of remaining base term with four (4), five-year renewal options. The lease features 10% rent increases every five years throughout the initial term and each option period, with the tenant responsible for taxes, insurance, and CAM. Landlord duties are limited to the roof and structural elements. The property has recently undergone a comprehensive upgrade, including more than $2.5 million in tenant investment-funded interior renovations, a refreshed façade, and a brand-new roof installed in January 2026 with long-term warranties. The property occupies a signalized, hard-corner outparcel to Memorial Square, the top-performing Super Target-anchored power center at Memorial Road and North Pennsylvania Avenue. The site benefits from visibility, traffic counts, and direct adjacency to a dense concentration of national retailers, restaurants, and the nearby Quail Springs Mall. Notable large format retailers in the trade area include Super Target, At Home, as well as Walmart, Sam’s Club, Lowe’s, and Home Depot. The corridor is also home to many restaurants, including P.F. Chang’s, B.J.’s, Longhorn Steakhouse, Chick-fil-a, McDonald’s, and Velvet Taco. Fogo de Chão is an internationally recognized, full-service Brazilian steakhouse concept known for its churrasco-style dining experience. The brand operates 85 locations across the United States and continues to expand, with 14–16 additional openings planned for 2026.