1415 Main St Cushing, OK 74023-3041
Property profile & analytics
1415 Main St Cushing, OK 74023-3041
- Warehouses
- 5,200 SF
- 9.00 lot acres
Property ID
US69-0869107
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
- Warehouses
Property Details for 1415 Main St
- Year built
- 1951
- Lot size
- 9.00 lot acres
- Property size
- 5,200 SF
- Property type
- Warehouses
- APN
- 600010013
- APU
- 600010013
Description
This exceptional investment opportunity features a brand-new, 2,385 square foot Wendy's restaurant located at 1415 E Main St, Cushing, OK 74023. Situated on a 0.73-acre lot, this property boasts a 20-year triple-net (NNN) lease with a highly reputable corporate guarantor, Meritage Hospitality Group, one of the world's largest Wendy's franchisees. The lease includes annual rent increases, the lesser of the change in CPI or 1.50%, providing consistent income growth. Built in 2025, this property offers a strong 5.50% cap rate with a current net operating income (NOI) of $142,500. The landlord is completely free from lease responsibilities, making this a low-maintenance, high-return investment. The property's prime location and the strength of the Wendy's brand ensure long-term stability and value appreciation. This is a rare opportunity to acquire a passive income stream backed by a world-renowned franchise and a financially sound operator. The asking price is $2,590,909. This investment is 100% occupied.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $600,000
- ML approach
- $600,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $385,000
Market price range: $208k - $531k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $830,000
- COMMERCIAL (GENERAL)
- $660,000
- RESTAURANT
- $620,000
- AUTO REPAIR, GARAGE
- $600,000
- MEDICAL BUILDING
- $590,000
- NEIGHBORHOOD: SHOPPING CENTER
- $565,000
- RETAIL STORES
- $525,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cushing
- County
- Payne
- State
- Oklahoma
- Longitude
- -96.7487
- Latitude
- 35.9848
- CBSA code
- 44660
- CBSA name
- STILLWATER, 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
$1,203
$2,132
$12,130
$14,262
-
$34,970
$198,890
$233,860
