Popeyes Leasehold Opportunity For
For Sale
$612,500
4015 W Owen K Garriott Rd, Enid, OK 73703
Popeyes leasehold opportunity in regional retail hub near Vance AFB.
Property Size2,565 SF
Price / SF$238.79
Days on Market152
Property Features for 4015 W Owen K Garriott Rd
General Information
Standard status
Active
Size
2,565 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
8.00% CAP Rate | Absolute-Net Leasehold Interest
2.5% Annual Rent Increases
High-Visibility Corridor (21,000 VPD)
Regional Retail Corridor Anchored By National Tenants
Large 1.09-Acre Parcel With Drive-Thru Configuration
Vance Air Force Base Enid's Largest Economic Driver
Building Details
Building Size
2,565 SF
Listing Agency:
Deltondo Advisory Group Irvine
Listed By:
Peter Deltondo · License #License(s): CA: 01797033
(949) 419-3200
Source:
Marcusmillichap
Added: May 20
Changed: Oct 15
Last Checked: Oct 16 at 5:45AM
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 Deltondo Advisory Group Irvine
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,539
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,780
$530.8K
Cap Rate 7%
$379,129
$379.1K
Cap Rate 9%
$294,878
$294.9K
Market Conditions
NOI Build-Up for 2,565 SF
Gross rent
$36.9K $14.40/SF
− Vacancy
−$1.6K −$0.60/SF
EGI
$35.4K $13.80/SF
− OpEx
−$8.8K −$3.45/SF
NOI
$26.5K $10.35/SF
Area
Garfield County, OK
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,780
Cap Rate 7%
$379,129
Cap Rate 9%
$294,878
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
387k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Apparel 24%
Shops & Services 21%
Home Improvements & Furnishings 5%
Chick-fil-A
Dining
37,260 visits/mo
0.2 miles
Five Below
Shops & Services
36,875 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
36,142 visits/mo
0.2 miles
Braum's Ice Cream & Dairy Stores
Dining
26,307 visits/mo
0.0 miles
Texas Roadhouse
Dining
25,636 visits/mo
0.3 miles
Demographics for 73703, OK
30,376
Population
13,610
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
114.1 sq mi
ZIP Area
266
Density / Sq Mi
$74,202
Median Household Income
$41,860
Median Earnings
$1,039
Median Rent
$191,000
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 South region
Frequently Asked Questions
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
