2400 Pennsylvania Ave Oklahoma City, OK 73107-2425
Property profile & analytics
2400 Pennsylvania Ave, Oklahoma City, OK 73107-2425
- Turn key restaurants
- 833 SF
- 0.71 lot acres
Property ID
US69-0723111
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
- Salad and Go / Take-out & Catering
Property Details for 2400 Pennsylvania Ave
- Year built
- 1996
- Construction
- WOOD FRAME
- Lot size
- 0.71 lot acres
- Property type
- Turn key restaurants
- APN
- 05-235-8650
- APU
- 52358650
Description
This ±780 square foot Salad and Go restaurant in Oklahoma City, OK, presents a compelling investment opportunity. Located on ±0.71 acres at the hard corner of a signalized intersection of NW 23rd Street and N Pennsylvania Avenue, the property boasts excellent visibility and accessibility, with over 39,000 vehicles passing daily. The 20-year absolute NNN lease, commencing upon closing, includes three 5-year options, each with a 10% rental increase. This provides significant long-term stability and predictable cash flow. The tenant, Salad and Go, is backed by a corporate guarantee from And Go Concepts, LLC, mitigating risk. The property benefits from a strong demographic profile, with over 99,000 people and average household incomes exceeding $92,000 within a three-mile radius. Situated less than three miles from downtown Oklahoma City, the property is part of a thriving retail corridor, anchored by national brands such as Walmart, VASA Fitness, and others. The asking price is $2,160,000, representing a 6.25% cap rate and a net operating income (NOI) of $135,000. Built in 2022, this property offers a rare opportunity to acquire a high-performing asset in a rapidly growing market within the Oklahoma City MSA, the largest metropolitan area in Oklahoma, with a diverse economy and strong talent pipeline. The property's location within a dense population area with high household incomes, coupled with the long-term lease and corporate guarantee, makes this an attractive investment for those seeking secure, high-yield returns. This is a turnkey investment with minimal management requirements.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,365,000
- ML approach
- $1,465,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5472
- Latitude
- 35.4936
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN 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
$16,378
$107,205
$26,142
$133,347
-
$974,593
$237,656
$1,212,249
