Burger King NNN
For Sale
Contact for pricing
2929 Southwest 29th Street, Oklahoma City, OK 73119
2016-built Burger King on a triple net lease that began 1/1/2011.
Property Size2,767 SF
Lot Size1.03 Acres
Price / SF$756.33
Days on Market14
Property Features for 2929 Southwest 29th Street
General Information
Standard status
Active
Size
2,767 SF
Lot size
1.03 Acres
Property subtype
Retail
Building Details
Year Built
2016
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Daniel Price · License #10401300635
Source:
Crexi
Added: Jul 23
Changed: Aug 3
Last Checked: Aug 5 at 9:36AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Burger King restaurant located at 2929 Southwest 29th Street offers a long-term Triple Net (NNN) lease structure. The site includes approximately 2,767 rentable square feet of building space on an estimated 1.03-acre parcel. The NNN lease term is 25 years and commenced 1/1/2011.
The lease provides scheduled annual rent increases of 1.75% each year. The property was built in 2016.
This offering is centered on the existing leased setup with a long-duration NNN contract, providing a straightforward tenant-occupied configuration for qualified buyers and operators.
The lease provides scheduled annual rent increases of 1.75% each year. The property was built in 2016.
This offering is centered on the existing leased setup with a long-duration NNN contract, providing a straightforward tenant-occupied configuration for qualified buyers and operators.
Key Highlights
- Approximately 2,767 rentable SF Burger King restaurant
- Estimated 1.03‑acre parcel
- 25‑year Triple Net (NNN) lease term
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 | $93.0k | $33.60 |
| − Vacancy | −$4.6k | −$1.68 |
| EGI | $88.3k | $31.92 |
| − OpEx | −$22.1k | −$7.98 |
| NOI | $66.2k | $23.94 |
2,767 SF · lease $33.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$946.3K
$828.0K – $1.10M
NOI $66,242 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Groceries 21%
Shops & Services 16%
Electronics 2%
McDonald's
Dining
33,764 visits/mo
0.1 miles
La Michoacana Meat Market
Groceries
28,442 visits/mo
0.4 miles
Starbucks
Dining
14,107 visits/mo
0.1 miles
Burger King
Dining
9,033 visits/mo
0.1 miles
Dollar General
Shops & Services
7,107 visits/mo
0.3 miles
Demographics for 73119, OK
31,216
Population
12,008
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
4,591
Density / Sq Mi
$42,936
Median Household Income
$29,529
Median Earnings
$923
Median Rent
$93,600
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 2016-built Burger King on a triple net lease that began 1/1/2011.
Where is this conventional restaurant located?
The property is located at 2929 Southwest 29th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,092,768.
What are key features of this property?
This property features: Approximately 2,767 rentable SF Burger King restaurant; Estimated 1.03‑acre parcel; 25‑year Triple Net (NNN) lease term
