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    302 Jack Choate Ave Hennessey, OK 73742

    For Sale
    $972,650

    Profitable Pizza Hut, 14+ years remaining.

    Property size:
    2,314 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 302 E Jack Choate Ave, Hennessey, OK 73742. The property boasts excellent visibility and accessibility, situated on a 0.46-acre lot in Kingfisher County. Built in 1975, this 2,314 square foot building sits on one story and offers a strong, consistent income stream. The current tenant, Pizza Hut, holds a lease with 14.7 years remaining, providing long-term security for investors. The lease includes annual rent bumps of 1.50%, ensuring consistent growth in rental income. The property currently enjoys 100% occupancy, generating a substantial Net Operating Income (NOI) of $68,085, resulting in an attractive 7.00% cap rate. The asking price is $972,650, translating to a price per square foot of $420.33. This is a rare opportunity to acquire a well-established, passively managed investment property with a nationally recognized brand in a stable market. The property's strong financials, long-term lease, and prime location make it an ideal addition to any diversified investment portfolio. Don't miss this chance to secure a reliable and profitable investment.

    Property Features for 302 Jack Choate Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,314 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    1

    HighLights

    • 14+ Years Remaining on Lease Term
    • Annual Rent Escalations
    • High Visibility and Accessibility
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Hut Pizza Delivery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hennessey
    County
    Kingfisher
    State
    Oklahoma
    Longitude
    -97.8959526
    Latitude
    36.116389

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    FAQs

    What type of property is this?
    Restaurant - Profitable Pizza Hut, 14+ years remaining.
    Where is this restaurant located?
    The property is located at 302 Jack Choate Ave Hennessey, OK.
    What is the asking price?
    The asking price for this property is $972,650.
    What are key features of this property?
    This property features: 14+ Years Remaining on Lease Term; Annual Rent Escalations; High Visibility and Accessibility
    Request Owner's contact information
    302 Jack Choate Ave Hennessey, OK 73742
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    Hennessey, OK 73742
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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
    302 Jack Choate Ave Hennessey, OK 73742
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