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    511 Clarence Nash Blvd Watonga, OK 73772

    For Sale
    $1,254,000

    Profitable Pizza Hut, Absolute NNN Lease.

    Property size:
    2,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 511 S Clarence Nash Blvd, Watonga, OK 73772. The property boasts a strong location on US-281, a high-traffic corridor, and enjoys adjacency to a hotel, ensuring consistent customer flow. Built in 1981 and renovated in 2005, this 2,309 square foot building sits on a 0.45-acre lot. The current lease features a highly desirable absolute NNN structure with a remaining term of 14.7 years and built-in annual rent increases of 1.5%. The property offers a compelling 7.00% cap rate, generating a substantial net operating income (NOI) of $87,758 annually. The asking price is $1,254,000, translating to a price per square foot of $543.09. With 100% occupancy and a national credit tenant, this investment provides exceptional stability and potential for long-term growth. Lease options to extend are also available. This is a rare opportunity to acquire a well-established, high-performing commercial property in a prime location.

    Property Features for 511 Clarence Nash Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    2,309 SF
    Lot Size
    19,602 SF

    Building Details

    Year Built/Renovated
    1981/2005
    Buildings
    1
    Stories
    1

    HighLights

    • Strong location on high‑traffic US‑281 with national credit tenant (Pizza Hut).
    • Adjacent to hotel, ensuring high customer traffic.
    • Absolute NNN lease with 14.7 years remaining and 1.5% annual rent increases.
    • Lease extension options available.
    • 7.00% cap rate, $87,758 annual NOI, $1,254,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Hut Pizza Delivery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watonga
    County
    Blaine
    State
    Oklahoma
    Longitude
    -98.4189013
    Latitude
    35.8382497

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    FAQs

    What type of property is this?
    Restaurant - Profitable Pizza Hut, Absolute NNN Lease.
    Where is this restaurant located?
    The property is located at 511 Clarence Nash Blvd Watonga, OK.
    What is the asking price?
    The asking price for this property is $1,254,000.
    What are key features of this property?
    This property features: Strong location on high-traffic US-281 with national credit tenant (Pizza Hut).; Adjacent to hotel, ensuring high customer traffic.; Absolute NNN lease with 14.7 years remaining and 1.5% annual rent increases.
    Request Owner's contact information
    511 Clarence Nash Blvd Watonga, OK 73772
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    511 Clarence Nash Blvd Watonga, OK 73772
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