310 Perkins Rd, Stillwater, OK 74075-5513
- Turn key restaurants
- 3,899 SF
- 1.00 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 310 Perkins Rd
- Year built
- 1993
- Lot size
- 1.00 lot acres
- Property type
- Turn key restaurants
- APN
- 600000289
- APU
- 600000289
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 3, 2024 | $1,750,000 | Arjh LP | Zbest Management INC | Warranty Deed | $2.3M · Encore Bank NA |
| Oct 4, 2012 | $725,000 | Zbest Management INC | Oklahoma Territories LLC | Warranty Deed · related | $794k · Bancorp Bank |
| Jan 22, 2007 | $315,500 | Oklahoma Territories LLC | Hardees Food Systems INC | Grant Deed | — |
| — | — | Zbest Management INC | — | Deed Of Trust · related | $543k · Rural Enterprises |
Description
This exceptional investment opportunity presents a brand-new, 3,899 square foot Popeyes restaurant located at 310 N Perkins Rd, Stillwater, OK 74075. Built in 2024, this single-tenant property sits on a 1.19-acre lot and boasts a 25-year absolute triple-net (NNN) lease with a corporate guarantee, offering zero landlord responsibilities. The lease includes 7.5% rent bumps every five years, ensuring consistent income growth. The property enjoys a prime location less than a mile from Oklahoma State University (33,500+ students and 5,500 employees), benefiting from high daily traffic exceeding 19,000 vehicles on North Perkins Road. Its proximity to East Hall of Fame Avenue provides direct access to Boone Pickens Stadium (53,855 capacity). The surrounding area features major retailers like Walmart, Hobby Lobby, Big Lots, TJ Maxx, Raising Cane's, Chick-fil-A, and Chipotle. Furthermore, Stillwater High School and Stillwater Junior High School (combined 2,150+ students) are within a 1.5-mile radius. The property's current Net Operating Income (NOI) is $160,000, resulting in a 5.75% cap rate. The asking price is $2,782,000 ($713.52/sq ft). This is a fee-simple ownership with four, five-year lease options. The property offers a secure, long-term investment with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,750,000
- ML approach
- $1,750,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,390,000
Market price range: $415k - $2.11M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stillwater
- County
- Payne
- State
- Oklahoma
- Longitude
- -97.0522
- Latitude
- 36.1259
- CBSA code
- 44660
- CBSA name
- STILLWATER, OK MICROPOLITAN STATISTICAL AREA
