414 21st St Guymon, OK 73942-2738
- Drive through restaurants
- 1,872 SF
Current Use by Public Records
- Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
Property Details for 414 21st St
- Year built
- 2017
- Property size
- 1,872 SF
- Property type
- Drive through restaurants
- APN
- 700003009
- APU
- 700003009
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 414 NW 21st St, Guymon, Oklahoma, 73942. The property boasts a strong location within a thriving retail corridor, offering significant potential for long-term passive income. Built in 2017, this 2,003 square foot building sits on a 0.36-acre lot and features a convenient drive-thru. The property is currently 100% occupied by a national credit tenant, Pizza Hut, under a 15-year lease with annual rent increases of 1.50%. The asking price is $1,629,000, representing a price per square foot of $813.28 and a compelling 6.25% cap rate. The current Net Operating Income (NOI) stands at $101,826. This is a one-story building offering a secure, low-maintenance investment with a proven track record. The lease structure minimizes landlord responsibilities, making it an ideal addition to any diversified real estate portfolio. The property's prime location and established tenant ensure consistent cash flow and long-term value appreciation. This is a rare opportunity to acquire a high-performing, passively managed commercial property in a stable market. Don't miss out on this exceptional investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Guymon
- County
- Texas
- State
- Oklahoma
- Longitude
- -101.486
- Latitude
- 36.7014
- CBSA code
- 25100
- CBSA name
- GUYMON, OK MICROPOLITAN STATISTICAL AREA
