3015 W Memorial Rd, Oklahoma City, OK 73134

Robinson Park LLC is pleased to present the opportunity to acquire the fee-simple ownership in a corporate, Black Bear Diner location with a current lease in place until April 30, 2038. This investment opportunity offers a current Net Operating Income (NOI) of $209,000 per year, with a NOI increase to $229,900 per year during the last five years of the lease term.

Priced at $2975000 (7% cap rate), this investment is operated and backed by Black Bear corporate which operates over 65 locations.

The property is located along the Memorial Road corridor, which has over 6 million square feet of retail and dining, 1.5 million square feet of office space, and anchored by Mercy Hospital and Integris Cancer Center.

The Memorial Corridor includes major retail hubs like Quail Springs Mall, Shoppes at Quail Springs, Memorial Square, and Chisholm Creek, which is a mixed-use lifestyle community center, that integrates, retail, dining, entertainment, office space and residential living. Demographically, the area within a 3-mile radius is affluent and growing. The corridor serves high-income neighborhoods like Gaillardia, which is a private golf community and supports over 9,500 apartment units with an additional 1,500 under construction or proposed. Major employers in the area include Paycom, Hertz, Mercy and many more, contributing to a strong population.