4239 Northwest Expy Oklahoma City, OK 73116

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:25AM Checked: Jul 21 at 12:12PM

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Investment Insights

Based on property information with market context.

This triple-net restaurant offering is for a TGI Fridays location. The site includes an estimated 11,654 rentable square feet of building space on an estimated 1.89-acre parcel of land. The property is subject to a 15-year triple-net (NNN) lease that commenced September 1, 2021.

Current annual rent is $180,000, with scheduled increases of an average 1.50% annually beginning in year 6. Additional rent growth is provided at the start of the first of the three, five-year tenant renewal option periods, when rent increases by 4.57%. The 1.50% annual rental increases continue throughout the remainder of the option periods thereafter.

The property is presented as a broker opinion of value for the subject TGI Fridays site at 4239 Northwest Expressway in Oklahoma City, Oklahoma.

Key Highlights

• TGI Fridays at 4239 Northwest Expressway in Oklahoma City, OK
• Approximately 11,654 rentable SF building on an estimated 1.89‑acre parcel
• 15‑year triple‑net (NNN) lease commenced September 1, 2021

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FAQs

What type of property is this?

Conventional restaurant - TGI Fridays restaurant on an estimated 1.89-acre parcel with a 15-year NNN lease commenced September 1, 2021.

Where is this conventional restaurant located?

The property is located at 4239 Northwest Expy Oklahoma City, OK.

What are key features of this property?

This property features: TGI Fridays at 4239 Northwest Expressway in Oklahoma City, OK; Approximately 11,654 rentable SF building on an estimated 1.89‑acre parcel; 15‑year triple‑net (NNN) lease commenced September 1, 2021