Popeyes Leasehold Opportunity For
4015 W OWEN K GARRIOTT RD Enid, OK 73703
4015 W OWEN K GARRIOTT RD, Enid, OK, 73703
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For Sale
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Popeyes leasehold opportunity in regional retail hub near Vance AFB.
Property Size2,565 SF
Price / SF$238.79
Days on Market63
Property Features for 4015 W OWEN K GARRIOTT RD
General Information
- Standard status
- Active
- Size
- 2,565 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2017
Listing Agency
Marcus & Millichap - Oklahoma City
Listed by
Tim Speck · License #149994
Source
Crexi
Added: May 18 Checked: Jul 19 at 1:48 am
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 - Oklahoma City
Investment Insights
Based on property information with market context.
This property presents an absolute net Popeyes leasehold opportunity. The site is located within a regional retail hub near Vance Air Force Base. The property size is 2565 square feet.
Key Highlights
- Absolute net Popeyes leasehold opportunity
- Regional retail hub location
- Near Vance AFB
Local 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 | $36.9k | $14.40 |
| − Vacancy | −$1.6k | −$0.60 |
| EGI | $35.4k | $13.80 |
| − OpEx | −$8.8k | −$3.45 |
| NOI | $26.5k | $10.35 |
2,565 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$379.1K
$331.7K – $442.3K
NOI $26,539 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.4K
$618.1K – $824.1K
NOI $49,447 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Popeyes Louisiana Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Popeyes leasehold opportunity in regional retail hub near Vance AFB.
Where is this drive through restaurant located?
The property is located at 4015 W OWEN K GARRIOTT RD Enid, OK.
What is the asking price?
The asking price for this property is $612,500.
What are key features of this property?
This property features: Absolute net Popeyes leasehold opportunity; Regional retail hub location; Near Vance AFB
