4605 Kickapoo Ave Shawnee, OK 74804
- Retail properties
- 3,968 SF
Current Use by Public Records
- Retail properties
Property Details for 4605 Kickapoo Ave
- Year built
- 2008
- Property size
- 3,968 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,968 square foot McAlister's Deli in Shawnee, Oklahoma. The property, built in 2008, is situated on North Kickapoo Avenue, boasting high visibility and convenient access to I-40. Leased to the Saxton Group, the largest McAlister's Deli franchisee with over 80 locations, this single-tenant, net-lease property offers a secure investment with a long-term lease. The 20-year lease commenced January 1, 2021, and includes two five-year options, leaving 16.1 years remaining on the initial term. The lease is an absolute NNN, meaning the tenant is responsible for all taxes, insurance, and maintenance, including the roof, structure, and parking lot. Scheduled rental increases provide consistent income growth. The property benefits from a strong location near Saint Anthony Hospital Shawnee, Oklahoma Baptist University, the Heart of Oklahoma Exposition Center, and numerous national retailers, including proximity to Shawnee Mall. The current annual net operating income (NOI) is $141,000, resulting in a 5.5% cap rate (effective 12/31/2025
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
- Shawnee
- County
- Pottawatomie
- State
- Oklahoma
- Longitude
- -96.9297
- Latitude
- 35.3773
