501 S Dewey Ave - Fast Food FOR SALE
Wagoner, OK 74467 |
$713,462 USD
918-510-6765
501 S Dewey Ave
Wagoner, OK 74467
HIGHLIGHTS
- Triple Net (NNN) Lease | This investment is subject to absolute triple-net lease with no landlord responsibilities
- Experienced Multi-Unit Operator | The lease is subject to a guaranty from Switchgrass Holdings, a reputable Burger King Franchisee
- Established, Growing Population | The 5-mile radius surrounding the site is projected to grow in population by 3.50% annually for the next 5 years
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Burger King located at 501 South Dewey Avenue, Wagoner, Oklahoma 74467. The site consists of roughly 2750 rentable square feet of building space on an estimated 1.35-acre parcel of land. This Burger King is subject to a 16-year Triple Net (NNN) lease, which commenced 5/1/2018. The current annual rent is $46,375 and has scheduled increases of None.
FOR SALE DETAILS
PRICE
$713,462 USD
PRICE/SF
$259 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
31
LAND DETAILS
LAND ACRES
0.59 AC
LAND SF
25,789 SF
ZONING
-
APN/PARCEL ID
730028468
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918-510-6765
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918-510-6765
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