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 Market87
Property Features for 2929 Southwest 29th Street
General Information
Standard status
Active
Size
2,767 SF
Lot size
1.03 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$125,566
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Jul 23
Changed: Oct 7
Last Checked: Oct 16 at 8:03AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$66,242
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,840
$1.3M
Cap Rate 7%
$946,314
$946.3K
Cap Rate 9%
$736,022
$736.0K
Market Conditions
NOI Build-Up for 2,767 SF
Gross rent
$93.0K $33.60/SF
− Vacancy
−$4.6K −$1.68/SF
EGI
$88.3K $31.92/SF
− OpEx
−$22.1K −$7.98/SF
NOI
$66.2K $23.94/SF
Area
Oklahoma City, OK
Vacancy
5.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,840
Cap Rate 7%
$946,314
Cap Rate 9%
$736,022
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
9,402 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,059 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Oklahoma City, OK
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
