1808 Washington St Idabel, OK 74745-5250
Property Lookup
Property profile & analytics
1808 Washington St Idabel, OK 74745-5250
- Drive through restaurants
- 721 SF
- 0.78 lot acres
Property ID
US69-2103760
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
- Drive through restaurants
Property Details for 1808 Washington St
- Year built
- 2003
- Lot size
- 0.78 lot acres
- Property size
- 721 SF
- Property type
- Drive through restaurants
- APN
- 1399-04-08S-24E-2-012-00
- APU
- 13990408S24E201200
Description
This exceptional investment opportunity presents a fee-simple ownership of a KFC restaurant located at 1808 E Washington St, Idabel, OK 74745. The 3,060 square foot building, constructed in 2006, sits on a 0.78-acre lot and boasts a 100% occupancy rate. The property is subject to an absolute NNN lease with a credit-rated, corporate-guaranteed tenant, minimizing landlord responsibilities. The current lease term extends until October 30, 2037, offering a substantial remaining term of 13 years. A significant advantage is the recent 15-year lease extension executed in 2023, demonstrating the tenant's long-term commitment. The lease includes attractive 1.5% annual rent increases, commencing November 1, 2024, and two 5-year renewal options with a 1.5% increase each. The property generates a Net Operating Income (NOI) of $72,116, resulting in a compelling 6.30% cap rate. The asking price is $1,145,000, translating to $374.18 per square foot. The property enjoys a prime location across the street from a Walmart Supercenter and near other national retailers, ensuring high visibility and strong foot traffic. This is a rare opportunity to acquire a stable, low-maintenance, high-return investment in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Idabel
- County
- Mccurtain
- State
- Oklahoma
- Longitude
- -94.8045
- Latitude
- 33.8952
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
$3,254
$9,009
$23,855
$32,864
-
$81,900
$216,864
$298,764
