1051 Westside Dr Durant, OK 74701-2941
Property Lookup
Property profile & analytics
1051 Westside Dr Durant, OK 74701-2941
- Drive through restaurants
- 3,116 SF
Property ID
US69-2169516
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering
Property Details for 1051 Westside Dr
- Year built
- 2018
- Property size
- 3,116 SF
- Property type
- Drive through restaurants
- APN
- A098-00-000-00C-0-000-00
- APU
- A0980000000C000000
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
based on Realmo’s proprietary methodology
-
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,367
$47,850
$62,044
$109,894
-
$435,000
$564,040
$999,040
