Current Use by Public Records
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 3200 Okmulgee Ave
- Year built
- 2017
- Property type
- Retail properties & Spaces
Description
This fee-simple, 2,304-square-foot Taco Bell in Muskogee, Oklahoma, presents a compelling investment opportunity. Located at 3200 W Okmulgee Ave, 74401, this property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $101,852. The absolute NNN lease with K-MAC Enterprises, a well-established franchisee with over 340 units across 10 states, has over 12 years remaining, featuring 1% annual rent increases and 4-5 year lease options. The property benefits from a hard signalized corner location on a high-traffic road (approximately 126,600 vehicles daily), ensuring excellent visibility and accessibility. Built in 2017, this strategically located site is surrounded by other national brands like McDonald's and Walgreens, further enhancing its appeal. Muskogee's diverse economy, encompassing healthcare, education, and manufacturing, contributes to the property's long-term growth potential. The asking price is $1,771,399, translating to $590 per square foot. This is a truly passive income investment with no landlord responsibilities, offering a secure and profitable return. The property is 100% occupied.
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
- Muskogee
- County
- Muskogee
- State
- Oklahoma
- Longitude
- -95.403
- Latitude
- 35.7553
