Pizza Hut Standalone
New
For Sale
$2,166,389
2511 Williams Ave, Woodward, OK 73801
An absolute NNN lease includes approximately 16 years remaining and four five-year renewal options.
Property Size5,183 SF
Lot Size1.21 Acres
Price / SF$417.98
Days on Market2
Property Features for 2511 Williams Ave
General Information
Standard status
Active
Size
5,183 SF
Lot size
1.21 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Site & Location
Traffic Count
12,219 vehicles/day
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
7.75%
Amenities
Absolute NNN Lease | Zero Landlord Responsibilities
±16 Years Remaining | Four (4) 5-Year Renewal Options
1.5% Annual Rent Increases
7.75% CAP | $167,895 Annual Base Rent
Operated by Grand Mere Restaurant Group (±126 Units, 9 States)
Lease Guaranteed by GMRG ACQ 1, LLC
Frontage on Williams Ave (US-270) w/ ±12,219 VPD
Commercial Hub of NW Oklahoma | 20,102 MSA Population
Building Details
Building Size
5,183 SF
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 3:19PM
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 Marcus & Millichap - Los Angeles
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Investment Insights
Based on property information with market context.
This Pizza Hut restaurant occupies approximately 5,183 square feet on a 1.21-acre site. The property is leased on an absolute NNN basis, with about 16 years remaining through December 2042 and four five-year renewal options. The lease includes annual rent increases of 1.5% and a guarantee from GMRG ACQ 1, LLC.
The restaurant fronts Williams Avenue, also designated U.S. Highway 270, which carries approximately 12,219 vehicles per day. Woodward is where U.S. Highways 183, 270, and 412 converge and serves as the largest city in a nine-county region. Within five miles, the trade area has 13,719 residents and an average household income of $87,430; the Woodward MSA has 20,102 residents and 8,536 employees.
Grand Mere Restaurant Group operates the location. The broader local economy includes wind energy, oil and gas, agriculture, and INTEGRIS Health Woodward Hospital.
The restaurant fronts Williams Avenue, also designated U.S. Highway 270, which carries approximately 12,219 vehicles per day. Woodward is where U.S. Highways 183, 270, and 412 converge and serves as the largest city in a nine-county region. Within five miles, the trade area has 13,719 residents and an average household income of $87,430; the Woodward MSA has 20,102 residents and 8,536 employees.
Grand Mere Restaurant Group operates the location. The broader local economy includes wind energy, oil and gas, agriculture, and INTEGRIS Health Woodward Hospital.
Key Highlights
- Absolute NNN lease with approximately 16 years remaining through December 2042
- 1.5% annual rent increases and four five‑year renewal options
- 5,183‑square‑foot restaurant on 1.21 acres
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
12,219 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Home Improvements & Furnishings 18%
Shops & Services 7%
Hotels & Casinos 5%
Arby's
Dining
9,893 visits/mo
0.1 miles
Woodward Ace Hardware
Home Improvements & Furnishings
9,155 visits/mo
0.4 miles
Burger King
Dining
7,587 visits/mo
0.3 miles
Taco Mayo
Dining
6,042 visits/mo
0.2 miles
Pizza Hut
Dining
5,228 visits/mo
0.1 miles
Demographics for 73801, OK
15,671
Population
7,046
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
88%
High-School Grad
459.0 sq mi
ZIP Area
34
Density / Sq Mi
$65,454
Median Household Income
$37,832
Median Earnings
$842
Median Rent
$178,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An absolute NNN lease includes approximately 16 years remaining and four five-year renewal options.
Where is this conventional restaurant located?
The property is located at 2511 Williams Ave Woodward, OK.
What is the asking price?
The asking price for this property is $2,166,389.
What are key features of this property?
This property features: Absolute NNN lease with approximately 16 years remaining through December 2042; 1.5% annual rent increases and four five‑year renewal options; 5,183‑square‑foot restaurant on 1.21 acres
