2531 Main St Norman, OK 73069
- Retail properties
- 1,235 SF
Current Use by Public Records
- Dunkin / Takeout Restaurant / Coffee Shop
Property Details for 2531 Main St
- Property size
- 1,235 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 1,235 square foot Dunkin' storefront located at 2531 W Main St, Norman, OK 73069. The property boasts an absolute NNN lease structure, eliminating all owner responsibilities and providing a truly passive income stream. The current 10-year ground lease, expiring August 31, 2032, includes eight additional five-year renewal options with built-in rent escalations, ensuring consistent growth and long-term financial security. Strategically positioned on West Main Street, this property benefits from high visibility and convenient access, situated near major retailers like Walmart and the I-35 interstate. The asking price is $660,000, representing a compelling return on investment for discerning buyers seeking a low-maintenance, high-performing asset in a thriving Oklahoma market. This Dunkin' location is ideally situated to capitalize on the significant foot traffic generated by its proximity to Walmart and the I-35 corridor, further enhancing its appeal as a stable and profitable investment. The absolute NNN lease structure minimizes operational involvement, making it an attractive option for passive investors seeking a reliable and appreciating asset. The lease's built-in rent escalations provide a hedge against inflation, ensuring consistent growth in rental income over the long term. This property offers a rare opportunity to acquire a well-established, high-performing retail investment in a prime Norman location.
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
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4806
- Latitude
- 35.2186
