Absolute NNN Restaurant
For Sale
Contact for pricing
205 E Oklahoma Blvd, Alva, OK 73717
Operating restaurant leased through December 2, 2041, with tenant-paid property expenses and annual rent increases.
Property Size5,183 SF
Price / SF$322.40
Days on Market8
Property Features for 205 E Oklahoma Blvd
General Information
Standard status
Active
Size
5,183 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$112,787
Building Details
Year Built
1979
Year Renovated
2002
Tenancy
Single
Listing Agency:
Porthaven Partners
Listed By:
Matt Spangenberg · License #IL 475157064
(312) 240-0127
Source:
Crexi
Added: Aug 28
Changed: Sep 1
Last Checked: Sep 1 at 9:51PM
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 Porthaven Partners
Investment Insights
Based on property information with market context.
This absolute NNN restaurant property includes an operating Pizza Hut location at 205 E Oklahoma Boulevard in Alva, Oklahoma. The restaurant was built in 1979 and has maintained continuous Pizza Hut occupancy since construction. Grand Mere Restaurant Group occupies the property under an amended lease extending through December 2, 2041, with four additional five-year extension options and 1.5% annual rent increases.
The lease assigns real estate taxes, insurance, utilities, maintenance, roof, structure, HVAC, and other property operating costs to the tenant. The site encompasses 1.028 acres and fronts Oklahoma Boulevard along the U.S. 64 and U.S. 281 corridor. Nearby demand drivers include Northwestern Oklahoma State University, Share Medical Center, Woods County government, Walmart, hotels, restaurants, and community-serving retail.
The lease assigns real estate taxes, insurance, utilities, maintenance, roof, structure, HVAC, and other property operating costs to the tenant. The site encompasses 1.028 acres and fronts Oklahoma Boulevard along the U.S. 64 and U.S. 281 corridor. Nearby demand drivers include Northwestern Oklahoma State University, Share Medical Center, Woods County government, Walmart, hotels, restaurants, and community-serving retail.
Key Highlights
- Absolute NNN lease runs through December 2, 2041
- Four additional five‑year extension options
- 1.5% annual rent increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
SONIC Drive In
Dining
10,703 visits/mo
0.2 miles
Dollar Tree
Shops & Services
4,315 visits/mo
0.3 miles
SUBWAY
Dining
2,726 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
1,746 visits/mo
0.5 miles
Cenex
Shops & Services
1,518 visits/mo
0.2 miles
Demographics for 73717, OK
6,964
Population
3,289
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
88%
High-School Grad
674.7 sq mi
ZIP Area
10
Density / Sq Mi
$45,972
Median Household Income
$26,883
Median Earnings
$808
Median Rent
$142,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating restaurant leased through December 2, 2041, with tenant-paid property expenses and annual rent increases.
Where is this nnn property located?
The property is located at 205 E Oklahoma Blvd Alva, OK.
What is the asking price?
The asking price for this property is $1,671,000.
What are key features of this property?
This property features: Absolute NNN lease runs through December 2, 2041; Four additional five‑year extension options; 1.5% annual rent increases
