Listed by Bang Realty, Trinity Real Estate Investment Services
$2,074,285
Dairy Queen
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,839
Cap Rate 7%
NOI $145,200
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, McDonald's
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 10/31/2037
Remaining Term 11.3
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10%
Price per SqFt $540
Year Built 2015
Acreage 0.960
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 10/06/2017
Ground Lease No
Ownership Fee Simple
Retail | 7.0% CAP | 3,839 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dairy Queen in Oklahoma City, OK. This property features an Absolute NNN lease with no landlord responsibilities, 11+ years remaining on the primary term, and built-in 10% rent increases every five years.
Property Website: https://trinityreis.com/listing/14430-north-pennsylvania/
In cooperation with Brian Brockman at Bang Realty-Oklahoma Inc | OK #177814 | [email protected] | (513) 898-1551
Investment highlights
- Dairy Queen in Oklahoma City, OK With 11+ Years Remaining on Primary Term
- Absolute NNN Lease With No Landlord Responsibilities
- 10% Rent Increase in November of 2027 Taking the Cap Rate to 7.7% at List Price
- Extremely Dense Residential Area With Dozens of High Density Apartment Complexes and Single Family Homes in Immediate Area
- Surrounded by Various National Retailers Including Home Depot, Best Buy, Target, Dollar Stores, Marshall, Walmart, Costco, CVS, Sam's Club, Lowe's and More
- Affluent Oklahoma City Community With 190,000+ Residents Within 5 Miles Having an Average Household Income of Over $113K
- Healthy Traffic Flow of 26,000+ VPD Directly in Front of Subject Property
- Just 12 Miles From Downtown Oklahoma City, the Most Populous MSA in the State of Oklahoma With Over 1.4M Residents
Listing Contacts
Listed by Bang Realty, Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$145,200.00
$12,100.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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