1132 Bryant Ave Edmond, OK 73034-5701
- Turn key restaurants
- 861 SF
- 0.90 lot acres
Current Use by Public Records
- Swig / Soft Drinks Shop / Cookie Shop
Property Details for 1132 Bryant Ave
- Lot size
- 0.90 lot acres
- Property size
- 861 SF
- Property type
- Turn key restaurants
- APN
- 21-901-1010
- APU
- 219011010
Description
This exceptional investment opportunity presents a fully occupied, three-building shopping center in Edmond, Oklahoma. The property boasts 7,700 square feet of retail space, divided among four thriving national tenants: Swig, Mo'Bettahs, Donato's Pizza, and Tropical Smoothie Cafe. All tenants are operating under triple-net (NNN) leases, with a weighted average lease term of ten years and built-in rent increases. The property features three buildings, each strategically designed with drive-thru lanes, situated on a 3.56-acre lot. Constructed in 2022-2023, the center benefits from a prime location in Edmond, near major intersections with high vehicular traffic and surrounded by significant retail development, including over one million square feet of retail space within close proximity. The area also enjoys a strong demographic profile, with high average incomes and a substantial daytime population fueled by the University of Central Oklahoma, Edmond Memorial High School, and other local institutions. The property's strong tenant mix, favorable lease terms, and excellent location combine to offer a compelling investment opportunity with a 6.75% cap rate and a net operating income (NOI) of $319,800. The asking price is $4,735,000, translating to $614.94 per square foot. The property offers multiple exit strategies due to the separate platting of the buildings. The financial strength of the tenants, including corporate guarantees and personal guarantees from franchisees, further enhances the investment's security. Parking is ample, providing 9.61 spaces per 1,000 square feet. This is a rare opportunity to acquire a high-performing, newly constructed retail center in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $357,000
Market price range: $139k - $358k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $235,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $210,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Edmond
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4603
- Latitude
- 35.6431
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
