Freestanding Restaurant with
5008 SE 29th St Oklahoma City, OK 73115
For Sale
Contact for pricing
Freestanding restaurant featuring a drive-thru, offered for sale near Tinker Air Force Base.
Property Size3,680 SF
Price / SF$285.33
Days on Market251
Property Features for 5008 SE 29th St
General Information
Standard status
Active
Size
3,680 SF
Property subtype
RETAIL
Listing Agency:
Newmark Robinson Park | Oklahoma City
(405) 602-2989
Listed By:
Michael Rapella · License #158014
(405) 219-6977
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Jul 25
Last Checked: Jul 29 at 4:11PM
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 Newmark Robinson Park | Oklahoma City
Investment Insights
Based on property information with market context.
This freestanding restaurant includes a drive-thru and offers 3,680 square feet of space. The property is presented for sale at a price described as below replacement cost.
The site is located about one-half mile from Tinker Air Force Base, identified in the remarks as the largest single-site employer in Oklahoma with 29,605 on-site employees and an estimated $5.38B annual economic impact. It is also listed as approximately 7 miles, or a 13-minute drive, from Oklahoma City’s CBD.
For buyers and operators seeking a drive-thru restaurant format in a high-employment area, this location at 5008 SE 29th St, Oklahoma City, OK 73115 provides a compact, purpose-built configuration with direct service access.
The site is located about one-half mile from Tinker Air Force Base, identified in the remarks as the largest single-site employer in Oklahoma with 29,605 on-site employees and an estimated $5.38B annual economic impact. It is also listed as approximately 7 miles, or a 13-minute drive, from Oklahoma City’s CBD.
For buyers and operators seeking a drive-thru restaurant format in a high-employment area, this location at 5008 SE 29th St, Oklahoma City, OK 73115 provides a compact, purpose-built configuration with direct service access.
Key Highlights
- Freestanding restaurant with a drive‑thru
- Priced below replacement cost
- Located 0.5 mile from Tinker Air Force Base, Oklahoma’s largest single‑site employer with 29,605 on‑site employees
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 | $123.6k | $33.60 |
| − Vacancy | −$6.2k | −$1.68 |
| EGI | $117.5k | $31.92 |
| − OpEx | −$29.4k | −$7.98 |
| NOI | $88.1k | $23.94 |
3,680 SF · lease $33.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,099 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant featuring a drive-thru, offered for sale near Tinker Air Force Base.
Where is this drive through restaurant located?
The property is located at 5008 SE 29th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Freestanding restaurant with a drive‑thru; Priced below replacement cost; Located 0.5 mile from Tinker Air Force Base, Oklahoma’s largest single‑site employer with 29,605 on‑site employees
