1800 S Meridian Ave - Restaurant FOR SALE


Oklahoma City, OK 73108- W South Oklahoma City
$3,200,000 USD
405-226-5467
1800 S Meridian Ave, Oklahoma City, OK for Sale
$3,200,000 USD
Restaurant - FOR SALE
1/8
null | 6% Cap Rate

1800 S Meridian Ave
Oklahoma City, OK 73108
W South Oklahoma City


HIGHLIGHTS

  • excellent business
  • NNN Investment Oportunity
  • Strong traffic count

OVERVIEW

"DO NOT DISTURB TENANT" Located at 1800 S Meridian Ave in Oklahoma City, OK, The Frosted Mug Bar and Grill presents a highly desirable NNN investment opportunity. The property is strategically located at the intersection of SW 15th and S Meridian and offers excellent visibility and exposure along the bustling S Meridian corridor. The building is 6,344 square feet, situated on a 1.72-acre lot. and includes ample parking. Operating successfully for over 12 years, The Frosted Mug Bar and Grill boasts a solid track record of success. With an annual rent of $192,000 and option term rental increases of 12%, this investment promises attractive returns and the potential for further growth. The lease structure is NNN, placing the responsibility for structural maintenance, roof repairs, parking lot upkeep, HVAC, and plumbing on the tenant. This arrangement ensures minimal management obligations for the investor, offering a truly hassle-free investment opportunity. The Frosted Mug Bar and Grill has demonstrated its pro?tability, with impressive revenue exceeding $3 million in 2023, with expansion planned for the local market. This established success serves as a testament to the viability and enduring appeal of this thriving establishment. Building Size: 6,344 square feet Lot Size: 1.72 acres Lease Type: NNN (Triple Net Lease) with 7+ years left on initial term Annual Rent: $192,000 Lease Structure: Option term rental increases of 12% Revenue: Revenue exceeding $2 million in 2022

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frosted Mug Bar and Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

Commercial

APN/PARCEL ID

132383951

ASK ABOUT THIS PROPERTY

Paul RavencraftPrice Edwards & CompanyMore Info
405-226-5467

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Paul RavencraftPrice Edwards & CompanyMore Info
405-226-5467

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.