13500 Rockwell Ave Oklahoma City, OK 73142

Property Details for 13500 Rockwell Ave

Year built

2024

Lot size

0.59 lot acres

Property size

698 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a brand-new, 698 square foot Salad and Go restaurant in Oklahoma City, OK. The property is situated on a 0.59-acre lot and features a 20-year absolute NNN ground lease with four 5-year options, each including a 10% rent increase. The tenant, Salad and Go, is a rapidly expanding fast-casual chain with over 135 locations. This single-tenant property boasts a strong corporate guarantee and a current NOI of $85,000, representing a 6.00% cap rate on the $1,416,667 asking price. The property benefits from its prime location on N Rockwell Ave (14,174 vehicles per day) and near the John Kilpatrick Turnpike (33,715 vehicles per day), providing excellent visibility and accessibility. The surrounding area is characterized by high household incomes (over $124,000 within a 3-mile radius) and a substantial daytime population (over 52,000 within a 3-mile radius), driven by major employers such as Paycom (7,300 employees), Mercy Hospital (4,300+ employees), and Oklahoma Heart Hospital (2,500+ employees). The property is also conveniently located near Francis Tuttle's Rockwell campus and within a thriving retail corridor featuring recently developed national tenants, including Chick-fil-A, 7-Eleven, Starbucks, and others. A planned Walmart Supercenter development further enhances the long-term prospects of this investment. Built in 2024, this property offers a secure, low-maintenance investment with significant upside potential.