Property profile

1415 Main St Cushing, OK 74023

OFF-MARKET
Warehouses
Property ID
US69-0869107
5,200 SF 9 ac lot Built 1951
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1951
Total area 5,200 SF
Lot 9 ac (392,040 SF)
APN 600010013
UPID US69-0869107

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1415 Main St Cushing, OK 74023-3041
Cushing metro Census 11301 STILLWATER, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
$385k
Blend (final) Blend
$630k

Owner & transaction history

since 2025
Last sale
$598,000
4 recorded transactions
2025
$3.6M
2025
Price N/A
2024
$598,000
2024
$30.0M

Zoning & alternative use

Top alternative use upside
Office building $830,000 +133.1%
Commercial (general) $660,000 +85.5%
Restaurant $620,000 +74.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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