Listed by Creek Commercial Realty
$2,100,000
2037 S Meridian Ave
Details
Property Type Retail
Sub Type Bar
Square Footage 7,210
Units 1
Cap Rate 8.00%
NOI $168,000
Lease Type NNN
Lease Expiration 10/31/2029
Price per SqFt $298
Year Built 1985
Lot Size (SqFt) 46,561
Zoning I-1
Ground Lease No
Retail | 8.00% CAP | 7,210 SqFt
Marketing description
Located along the S Meridian Corridor, "Ballers" Bar and Grill positions itself well with surrounding airport and hotel traffic. The location is in close proximity to Will Rogers International Airport and serves both locals and visitors with modern bar fare. The restaurant features a highly desirable corner with ample parking and prominent visibility.
Location Description:
West side of S meridian
Investment highlights
- Can Be Sold Individually or Apart of Portfolio
- NNN Sale
- Strong Local Operator
- Lease Expiration 11/1/2029
- Personal Guarantee
- Multiple Rent Escalations
- Highly Visible Corner
- High Traffic
Listing Contacts
Listed by Creek Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,000.00
$14,000.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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