3501 N Main St - Restaurant FOR SALE


Altus, OK 73521
$1,713,315 USD
512-768-0380
3501 N Main St, Altus, OK for Sale
$1,713,315 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

3501 N Main St
Altus, OK 73521


HIGHLIGHTS

  • 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Annual Rent Increases Providing a Healthy Hedge Against Inflation
  • Strong Guarantee From RMH Franchise Holdings - Currently Operating Over 130 Restaurants Across 14 States
  • Very Healthy Rent-to-Sales Ratio, Providing a Safe Long Term Investment
  • Strategically Located Directly on Highway 283, a Major North and South Interstate
  • Adjacent to Western Oklahoma State College - Enrollment of Over 2,500 Students

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,854 SF Applebee's Located at 3501 North Main Street in Altus, OK. This Deal Includes 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities and Annual Rent Increases Providing a Strong Hedge Against Inflation. This Location Has a Healthy Rent to Sales Ratio Featuring a Guarantee From RMH Franchise Holdings With Over 130 Restaurants Across 14 States. With a Healthy Rent to Sales Ratio, Rare Annual Increases & Triple Net (NNN) Lease, This Asset Offers an Attractive Opportunity For an Investor. In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754

FOR SALE DETAILS

PRICE

$1,713,315 USD

PRICE/SF

$355 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's - Altus, OK

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

-

APN/PARCEL ID

0142-00-001-003-0-000-00,0637-06-002-020-0-009-00

ASK ABOUT THIS PROPERTY

Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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Jordan MulloySands Investment Group Austin, LLCMore Info
512-768-0380

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