1015 Main St, Kingfisher, OK 73750-4417
- Drive through restaurants
- 1,118 SF
- 0.73 lot acres
Current Use by Public Records
- KFC / Restaurant
- Taco Bell / Restaurant / Take-out & Catering
- Shamrock / Gas Station
Property Details for 1015 Main St
- Year built
- 1998
- Lot size
- 0.73 lot acres
- Property type
- Drive through restaurants
- APN
- 1165-00-073-C00-0-000-00
- APU
- 116500073C00000000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 29, 2024 | $1,850,000 | Moosman Family LP | Orion Kcpm LLC | Special Warranty Deed | — |
| Aug 16, 2023 | $1,650,000 | Orion Kcpm LLC | Weyhmiller Family LLC | Warranty Deed | — |
| Aug 11, 2021 | — | Mitra Qsr Kne LLC | — | Deed · related | $1.7M · Mufg Union Bank NA |
| Nov 30, 2016 | — | Mitra Qsr Kne LLC | — | Deed · related | $700k · Wells Fargo Bank NA |
| Nov 22, 2006 | $1,200,000 | Weyhmiller Family LLC | Snider Bros LLC | Warranty Deed | — |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,850,000
- ML approach
- $1,850,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kingfisher
- County
- Kingfisher
- State
- Oklahoma
- Longitude
- -97.9323
- Latitude
- 35.8506
