511 Clarence Nash Blvd Watonga, OK 73772
- Drive through restaurants
- 2,276 SF
- 0.48 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
Property Details for 511 Clarence Nash Blvd
- Year built
- 1981
- Lot size
- 0.48 lot acres
- Property size
- 2,276 SF
- Property type
- Drive through restaurants
- APN
- 0210-30-016-011-0-002-15
- APU
- 21030016011000215
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 511 S Clarence Nash Blvd, Watonga, OK 73772. The property boasts a strong location on US-281, a high-traffic corridor, and enjoys adjacency to a hotel, ensuring consistent customer flow. Built in 1981 and renovated in 2005, this 2,309 square foot building sits on a 0.45-acre lot. The current lease features a highly desirable absolute NNN structure with a remaining term of 14.7 years and built-in annual rent increases of 1.5%. The property offers a compelling 7.00% cap rate, generating a substantial net operating income (NOI) of $87,758 annually. The asking price is $1,254,000, translating to a price per square foot of $543.09. With 100% occupancy and a national credit tenant, this investment provides exceptional stability and potential for long-term growth. Lease options to extend are also available. This is a rare opportunity to acquire a well-established, high-performing commercial property in a prime location.
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
- Watonga
- County
- Blaine
- State
- Oklahoma
- Longitude
- -98.4191
- Latitude
- 35.8381
