6825 SE 29th St - Fast Food FOR SALE


Midwest City, OK 73110
$1,670,000 USD
480-221-4221
6825 SE 29th St, Midwest City, OK for Sale
$1,670,000 USD
Fast Food - FOR SALE
1/6
null | 6.5% Cap Rate

6825 SE 29th St
Midwest City, OK 73110


HIGHLIGHTS

  • 4 Years Remaining on Lease | Newly-Remodeled Building | Sublease with Surf Bar
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strategically Located Along SE 29th St. (25,800 VPD) | Nearby Interstate 40 | Excellent Visibility
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Tinker Air Force Base | Rose State College (8,150+ Students)
  • Direct Consumer Base | Oklahoma City MSA

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, newly-remodeled Surf Bar investment property located in Midwest City, Oklahoma (Oklahoma City MSA). The tenant, Johnnie’s Group, LLC has approximately 4 years remaining on its current lease term. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Jones Boys Enterprise, LLC (dba Surf Bar) currently occupies the building as a subtenant, paying monthly rent in the amount of $8,596.33 from 8/1/2022 to 11/30/2028.

FOR SALE DETAILS

PRICE

$1,670,000 USD

PRICE/SF

$612 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Surf Bar | 4yrs Remain Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C-3

APN/PARCEL ID

150251500

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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