Freestanding QSR
202 W Hall of Fame Ave Stillwater, OK 74075
202 W Hall of Fame Ave, Stillwater, OK, 74075
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For Sale
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Second-generation QSR freestanding building with a drive-thru setup, positioned within walking distance of major campus venues.
Property Size3,812 SF
Price / SF$419.73
Days on Market156
Property Features for 202 W Hall of Fame Ave
General Information
- Standard status
- Active
- Size
- 3,812 SF
- Property subtype
- Retail
Listing agency
NAI Red
(405) 840-0600
Listed by
David Hartnack · License #OK 152924
Source
Crexi
Added: Feb 17 Updated: Jul 22 at 1:29PM Checked: Jul 22 at 1:29PM
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 NAI Red
Investment Insights
Based on property information with market context.
This freestanding second-generation QSR drive-thru building is offered for sale and is suited for operators seeking a drive-thru format in an established restaurant setting. The asset is identified as a drive-through restaurant and restaurant property type, providing a purpose-built configuration for QSR use.
The property is located at 202 W Hall of Fame Ave in Stillwater, Oklahoma. It is approximately 0.2 miles walking distance from Oklahoma State University and about 0.2 miles from Boone Pickens Stadium.
For buyers evaluating a restaurant redevelopment or continuation strategy, the combination of a drive-thru arrangement and a nearby draw from campus and stadium activity supports a straightforward QSR-oriented presentation.
The property is located at 202 W Hall of Fame Ave in Stillwater, Oklahoma. It is approximately 0.2 miles walking distance from Oklahoma State University and about 0.2 miles from Boone Pickens Stadium.
For buyers evaluating a restaurant redevelopment or continuation strategy, the combination of a drive-thru arrangement and a nearby draw from campus and stadium activity supports a straightforward QSR-oriented presentation.
Key Highlights
- Second‑generation QSR freestanding building with drive‑thru setup
- About 0.2 miles walking distance to OSU
- About 0.2 miles walking distance to Boone Pickens Stadium
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 | $77.3k | $20.28 |
| − Vacancy | −$4.1k | −$1.07 |
| EGI | $73.2k | $19.21 |
| − OpEx | −$18.3k | −$4.80 |
| NOI | $54.9k | $14.40 |
3,812 SF · lease $20.28/SF/yr · vacancy 5.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$784.4K
$686.4K – $915.1K
NOI $54,908 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.4K
$820.2K – $1.09M
NOI $65,619 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grandy's
Restaurant
Zaxby's Chicken Fingers ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Second-generation QSR freestanding building with a drive-thru setup, positioned within walking distance of major campus venues.
Where is this drive through restaurant located?
The property is located at 202 W Hall of Fame Ave Stillwater, OK.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Second‑generation QSR freestanding building with drive‑thru setup; About 0.2 miles walking distance to OSU; About 0.2 miles walking distance to Boone Pickens Stadium
