1015 Main St Kingfisher, OK 73750-4417

This exceptional investment opportunity presents a fee-simple ownership of a thriving Taco Bell and KFC combination restaurant located at 1015 S Main St, Kingfisher, OK 73750. The property boasts a brand-new 20-year absolute NNN lease, commencing August 15, 2023, and expiring August 15, 2043, with a remaining term of 18.7 years. The tenant is a franchisee with a proven track record, operating over 190 units. The 1,118 square foot building, constructed in 1998 and renovated in 2021, sits on a 0.73-acre lot with ample parking (21 spaces) and benefits from a high-traffic location on S. Main St, experiencing 16,800 vehicles per day. The property is zoned C-5 Automotive & Commercial Recreation District, ensuring its suitability for the current use. The lease includes attractive annual rental increases of 1.50% starting in year six, providing consistent income growth. The current NOI is $118,800, resulting in a 6.25% cap rate, and the asking price is $1,900,000 ($1,699.46 per square foot). The lease features four 5-year renewal options, further securing long-term returns. This property offers a compelling combination of strong national tenants, a prime location, and a secure, long-term lease, making it an ideal addition to any investment portfolio. The property's APN is 1165-00-073-C00-0-000-00. The 100% occupancy ensures immediate cash flow.