1051 Westside Dr, Durant, OK 74701-2941
- Drive through restaurants
- 3,116 SF
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering
Property Details for 1051 Westside Dr
- Year built
- 2018
- Property type
- Drive through restaurants
- APN
- A098-00-000-00C-0-000-00
- APU
- A0980000000C000000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 16, 2026 | $1,984,000 | Vasiliki Investments LLC | Justin Center LLC | Special Warranty Deed | $1.3M · Firstar Bank NA |
| Feb 14, 2023 | $1,662,666 | Plaza Street Fund 302 LLC | Cowboy Custard B6 LLC | Special Warranty Deed | — |
| Sep 17, 2020 | — | Cowboy Custard B6 LLC | — | Deed · related | — |
| Jul 16, 2018 | — | Cowboy Custard B6 LLC | — | Deed · related | $1.6M · First Oklahoma Bank |
| Dec 5, 2017 | $435,000 | Cowboy Custard B6 LLC | Allen Wheeler | Warranty Deed | — |
Description
This exceptional investment opportunity presents a 3,123 square foot Freddy's restaurant located at 1051 Westside Dr, Durant, OK 74701. The property sits on a one-acre lot with excellent visibility and access on Westside Drive, just west of US-75, boasting traffic counts exceeding 30,500 cars per day. The property features a single-story building constructed in 2018, operating under a 20-year Absolute NNN lease with 19 years remaining. The lease includes attractive 7% rent bumps every five years and two five-year renewal options, ensuring long-term stability. The tenant, Ram-Z Custard, LLC, is a significant franchisee, operating 33 Freddy's locations (7th largest in the US) and 34 Schlotzsky's locations (largest in the US). This financially strong tenant provides a high degree of confidence in lease performance. The property's Net Operating Income (NOI) is $130,000, resulting in a 6.75% cap rate. The asking price is $1,926,000. The property is zoned C and benefits from a prime location near major retailers, including Walmart, Lowe's, and numerous dining establishments. Its proximity to Southern Oklahoma State University and AllianceHealth Durant further enhances its desirability. This is a fee-simple ownership opportunity (building and land). The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,805,000
- ML approach
- $1,795,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,173,000
Market price range: $214k - $1.17M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Durant
- County
- Bryan
- State
- Oklahoma
- Longitude
- -96.3994
- Latitude
- 34.0076
- CBSA code
- 20460
- CBSA name
- DURANT, OK MICROPOLITAN STATISTICAL AREA
