1807 W Lindsey St Norman, OK 73071

Property Details for 1807 W Lindsey St

Year built

2011

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.53 lot acres

Property size

2,670 SF

Property type

Medical offices

Property subtype

Medical centers

APN

NC29 9 3W 36058

APU

NC2993W36058

Description

This exceptional investment opportunity presents a brand-new, 1,775 square-foot HTEAO restaurant in Norman, Oklahoma. Built in 2024, this Class A property boasts a dual drive-thru, maximizing efficiency and customer convenience. The property sits on a 0.42-acre lot in a prime retail location along a major traffic corridor, experiencing daily traffic counts exceeding 32,000 vehicles. Its strategic placement near Sooner Mall, the University of Oklahoma (with over 21,000 students), and numerous national retailers ensures high visibility and consistent customer traffic. The 15.4-year absolute NNN lease with a reputable franchisee includes 1.5% annual rent bumps and CPI adjustments in the options, minimizing landlord responsibilities and maximizing return. The property generates a strong NOI of $140,000, resulting in a compelling 6.25% cap rate. The affluent area surrounding the property features an average household income exceeding $80,000 within a one-mile radius and over 123,000 residents within a five-mile radius. This is a rare opportunity to acquire a high-performing asset in a thriving market with a long-term, secure lease. The property's proximity to Max Westheimer Airport and downtown Oklahoma City further enhances its appeal. This is a turnkey investment with significant upside potential.

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Longitude

-97.4687

Latitude

35.2043

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments