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14692942
14692943

524 S Dawson St, Meeker, OK 74855

MB
OK 124093
Bonanza Real Estate Services, LLC
Listed by Bonanza Real Estate Services, LLC
$649,900
868 days on market
Updated 30 days ago

Ladonna's Grill

Details
APN 451500000000403800
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 4,000
Net Rentable (SqFt) 4,000
Units 1
Cap Rate 10.16%
NOI $66,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4
Lease Expiration 03/31/2028
Remaining Term 1.8
Rent Bumps No
Price per SqFt $162
Broker Co-Op Yes
Year Built 1998
Buildings 1
Stories 1
Acreage 2.500
Zoning Commercial
Parking Spaces spaces
Investment Type Sale/Leaseback
Tenant Credit No Credit Rating
Lease Commencement 04/01/2024
Occupancy Date 01/18/2024
Ownership Fee Simple
Sale Condition For sale by owner

GREAT LOCATION | OFF HWY 18 | INCOME PRODUCING | RESTAURANT INCLUDED

Marketing description

**CURRENT LEASE - 4 years @ $5500/mo per Owner**

  • Rustic Restaurant with great reputation in Meeker, Oklahoma.

  • This is an opportunity to buy a thriving restaurant with furniture, equipment, and the 4000 sf (M/L) building on 2.5 acres (M/L). This restaurant has beautiful decor and great food with lots of seating and opportunity for growth.

  • The lot has tons of PARKING and space to add more buildings if desired. Enter into the middle of the building into the central lobby with host podium for seating customers, waiting areas with seating and restrooms. The primary dining area to the right has tons of tables, chairs, and bench seating with televisions in corners for entertainment. To the left is the extra seating area which could also be transformed into a sports bar area with lots of space to design as desired. The kitchen has lots of space for storage, walk-in refrigerators and freezers, food prep areas, cooking station, drink station, dish washing sinks and equipment, and so much more.

  • The building also has a large office and security system. Call today to arrange a showing and contact Listing Broker for financial documents.

Investment highlights

High Traffic Area.

On main highway and close to 2nd highway.

Established business.

Business negotiable with purchase

Includes equipment and furniture (inventory negotiable).

Potential growth.

Large Lot with Room to add-on or build more buildings.

Listing Contacts

MB
OK 124093
Bonanza Real Estate Services, LLC
Listed by Bonanza Real Estate Services, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$66,000.00
$5,500.00/mo

Valuation Metrics

0
DSCR
10.16%
Cap Rate
10.16%
ROI

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