Oklahoma Blvd, Alva, OK 73717

Property Details for 0 Oklahoma Blvd

Year built

1979

Lot size

1.03 lot acres

Property type

Retail properties & Spaces

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.

Location Insight

City

Alva

County

Woods

State

Oklahoma

Longitude

-98.6303

Latitude

36.7975