Drive-Through Restaurant Ground
2335 24th Avenue Northwest, Norman, OK 73069
For Sale
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A Shake Shack location under construction will operate under a 15-year NNN ground lease.
Property SizeContact for details
Days on Market35
Property Features for 2335 24th Avenue Northwest
General Information
Standard status
Property subtype
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Northmarq
Listed By:
Michael Smith · License #NC 305786
(404) 874-6888
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 5:38PM
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 Northmarq
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Investment Insights
Based on property information with market context.
Under construction at University Town Center, this Shake Shack property is planned with a drive-through format. The ground lease runs for 15 years, including a stub period through January 31, 2027, and provides for 12% rent increases every five years.
The site is in Norman, Oklahoma, at 2335 24th Avenue Northwest. The Rock Creek Entertainment District is in development immediately north of the property and is set to include an 8,000-seat arena for University of Oklahoma basketball, concerts, and other events.
The site is in Norman, Oklahoma, at 2335 24th Avenue Northwest. The Rock Creek Entertainment District is in development immediately north of the property and is set to include an 8,000-seat arena for University of Oklahoma basketball, concerts, and other events.
Key Highlights
- Shake Shack drive‑through location under construction
- 15‑year NNN ground lease, with stub period through 1/31/2027
- 12% rent increases every 5 years
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
267
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
267 visits/mo
0.4 miles
Demographics for 73069, OK
26,464
Population
12,719
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
15.7 sq mi
ZIP Area
1,686
Density / Sq Mi
$55,699
Median Household Income
$34,151
Median Earnings
$1,031
Median Rent
$212,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A Shake Shack location under construction will operate under a 15-year NNN ground lease.
Where is this drive through restaurant located?
The property is located at 2335 24th Avenue Northwest Norman, OK.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Shake Shack drive‑through location under construction; 15‑year NNN ground lease, with stub period through 1/31/2027; 12% rent increases every 5 years
