1109 Garth Brooks Blvd, Yukon, OK 73099
- Retail properties & Spaces
- 2,886 SF
- 0.77 lot acres
Current Use by Public Records
- A&W Restaurant / Restaurant / Take-out & Catering
- Long John Silver's | A&W / Restaurant / Take-out & Catering
Property Details for 1109 Garth Brooks Blvd
- Year built
- 2003
- Lot size
- 0.77 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity features a Long John Silver's restaurant located at 1109 Garth Brooks Blvd, Yukon, Oklahoma, 73099. The property boasts 2,886 square feet on a 0.77-acre lot, built in 2003. Currently operating under a 20-year absolute triple-net (NNN) lease, with 11.5 years remaining, the lease commenced May 13, 2016, and expires May 31, 2036. The annual net operating income (NOI) is $115,794, representing a 6.50% cap rate. The lease includes attractive 1.5% annual rent increases throughout the base term and four, five-year renewal options, ensuring consistent income growth. This is a 100% occupied, single-building property offering a secure, long-term investment with significant upside potential. The property's prime location in Yukon, Oklahoma, provides excellent visibility and accessibility, contributing to the strong performance of the tenant. This is a rare opportunity to acquire a well-established, high-performing QSR property with a proven track record. The absolute NNN lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers. The property's strong tenant, favorable lease terms, and attractive cap rate make it a compelling investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yukon
- County
- Canadian
- State
- Oklahoma
- Longitude
- -97.7598
- Latitude
- 35.4915
