2400 N Pennsylvania Ave Oklahoma City, OK 73107
For Lease
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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.
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Salad and Go Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.