3801 Adams Rd Bartlesville, OK 74006
- Commercial real estate
- 3,686 SF
- 1.25 lot acres
Current Use by Public Records
- Burger King / Fast Food Restaurant / Restaurant
Property Details for 3801 Adams Rd
- Year built
- 1981
- Lot size
- 1.25 lot acres
- Property size
- 3,686 SF
- Property type
- Commercial real estate
- APN
- 010002-00000E-000000-01
- APU
- 01000200000E00000001
Description
This exceptional investment opportunity presents a freestanding Burger King restaurant in Bartlesville, Oklahoma. The 3,586 square foot property operates under a 20-year Absolute Triple Net (NNN) lease, originally commencing January 1, 2011, and expiring December 31, 2030. Currently, approximately 6.1 years remain on the primary lease term, followed by multiple renewal options (three 5-year terms and one 4-year term). The lease includes a 1.75% annual rent increase, effective January 1st each year, ensuring consistent income growth. The asking price is $1,500,000, representing a compelling $418.29 per square foot and a 6.73% cap rate based on a current Net Operating Income (NOI) of $100,936. The property sits on a 1.25-acre lot at 3801 SE Adams Rd, Bartlesville, OK 74006, benefiting from high visibility and accessibility. The tenant is a Burger King franchisee, providing a strong and recognizable brand presence. This investment offers a stable, long-term income stream with built-in rent escalations and the potential for significant future appreciation. The property's location near major retailers and employers further enhances its appeal and long-term prospects. This is a rare opportunity to acquire a well-established, high-performing fast-food property in a desirable market.
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
- Bartlesville
- County
- Washington
- State
- Oklahoma
- Longitude
- -95.9344
- Latitude
- 36.7447
- CBSA code
- 12780
- CBSA name
- BARTLESVILLE, OK MICROPOLITAN STATISTICAL AREA
