2400 Pennsylvania Ave Oklahoma City, OK 73107-2425
- Turn key restaurants
- 833 SF
- 0.71 lot acres
May 23, 2025
Current Use by Public Records
- Salad and Go / Salad Shop / Restaurant
Property Details for 2400 Pennsylvania Ave
- Year built
- 1996
- Construction
- WOOD FRAME
- Lot size
- 0.71 lot acres
- Property size
- 833 SF
- Property type
- Turn key restaurants
- APN
- 05-235-8650
- APU
- 52358650
Description
This ±780 square foot Salad and Go restaurant in Oklahoma City, OK, presents a compelling investment opportunity. Located on ±0.71 acres at the hard corner of a signalized intersection of NW 23rd Street and N Pennsylvania Avenue, the property boasts excellent visibility and accessibility, with over 39,000 vehicles passing daily. The 20-year absolute NNN lease, commencing upon closing, includes three 5-year options, each with a 10% rental increase. This provides significant long-term stability and predictable cash flow. The tenant, Salad and Go, is backed by a corporate guarantee from And Go Concepts, LLC, mitigating risk. The property benefits from a strong demographic profile, with over 99,000 people and average household incomes exceeding $92,000 within a three-mile radius. Situated less than three miles from downtown Oklahoma City, the property is part of a thriving retail corridor, anchored by national brands such as Walmart, VASA Fitness, and others. The asking price is $2,160,000, representing a 6.25% cap rate and a net operating income (NOI) of $135,000. Built in 2022, this property offers a rare opportunity to acquire a high-performing asset in a rapidly growing market within the Oklahoma City MSA, the largest metropolitan area in Oklahoma, with a diverse economy and strong talent pipeline. The property's location within a dense population area with high household incomes, coupled with the long-term lease and corporate guarantee, makes this an attractive investment for those seeking secure, high-yield returns. This is a turnkey investment with minimal management requirements.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,365,000
- ML approach
- $1,465,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5472
- Latitude
- 35.4936
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
