Oklahoma Blvd Alva, OK 73717
- Retail properties
- 3,718 SF
- 1.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Oklahoma Blvd
- Year built
- 1979
- Lot size
- 1.03 lot acres
- Property size
- 3,718 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located in Alva, Oklahoma. Situated on a 1.03-acre lot at 3718 square feet, this property boasts a strong location on I-64, benefiting from high visibility and traffic. The building, constructed in 1979, is currently 100% occupied by a franchisee tenant under a lease with 14.7 years remaining. The lease includes attractive 1.50% annual rent increases, ensuring consistent income growth. The property offers a compelling cap rate of 6.25% with a current Net Operating Income (NOI) of $109,478 and an asking price of $1,752,000 ($471.22 per square foot). This is a rare chance to acquire a stable, high-performing asset in a desirable location with the potential for lease extension. The property's strong national credit tenant and long-term lease provide significant security and predictable cash flow. This is an ideal addition to any diversified investment portfolio seeking consistent returns and long-term growth potential. The property is categorized as QSR/Fast Food and Restaurant. The single-story building is situated in Woods County, Oklahoma, with the address being E Oklahoma Blvd, Alva, OK 73717.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alva
- County
- Woods
- State
- Oklahoma
- Longitude
- -98.6303
- Latitude
- 36.7975
