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29787558
29787261

2450 W Robinson St, Norman, OK 73069

HL
TX TX 724882
Summit Real Estate
JV
TX TX 512565
Summit Real Estate
Summit Real Estate
Listed by Summit Real Estate
$3,015,000
107 days on market
Updated 66 days ago

QDOBA 2 Tenant Strip

Details
Property Type Retail
Sub Type Restaurant, Storefront (+1)
Square Footage 6,240
Units 2
Cap Rate 7.00%
NOI $210,850
Occupancy 100%
Tenancy Multi
Brand/Tenant Qdoba
Lease Type NNN
Rent Bumps Yes
Price per SqFt $483
Broker Co-Op Yes
Class A
Year Built 2019
Buildings 1
Stories 1
Acreage 0.870

2019 Construction | Drive-Thru End Cap | NNN Leases | Strong National & Regional Tenancy | Norman

Investment highlights

Newer Construction – Built in 2019 with Drive-Thru End Cap: The Asset Features Modern Building Design, Efficient Layouts, and Limited Near-Term Capital Expenditure Requirements

100% Occupied: The Property is Fully Leased with Lease Terms Extending Through 2029 and 2030, Offering Investors Stable and Predictable Cash Flow

NNN Lease Structure with Expense Reimbursement: Both Tenants Operate on NNN Leases, Reimbursing Taxes, Insurance, CAM, and Management Fees—Resulting in Minimal Landlord Responsibilities and Durable NOI

Strong National & Regional Tenancy: QDOBA Mexican Eats (National Fast-Casual Brand) and Mattress King (Established Regional Retailer) Provide a Balanced Mix of Daily-Use and Destination Retail Tenants

Attractive Entry Point at a 6.75% Cap Rate: Offered at a 6.75% Cap Rate on In-Place NOI of $210,850, Providing Compelling Yield Relative to Newer Construction Retail Assets

Irreplaceable Retail Corridor in Norman: Strategically Located Along W Robinson Street, One of Norman’s Primary East–West Commercial Corridors, Benefiting from Strong Daily Traffic Counts and Excellent Visibility

Immediate Proximity to Norman North High School (6A): Located Near Norman North High School, a 6A Public High School with Over 2,300 Students, Providing Consistent Weekday Traffic from Students, Faculty, and Families

Minutes From the University of Oklahoma – Over 30,000 Students: Situated within a Mile from the University of Oklahoma, Which Enrolls Over 30,000 Students, Creating a Dense and Stable Consumer Base That Strongly Supports Fast-Casual Dining and Service-Oriented Retail

Adjacent to University Town Center – Premier Norman Retail Hub: Located just South Across the Street from the University Town Center, Norman’s Top Shopping Destination Anchored by Target, Crest, T.J. Maxx, Hobby Lobby, Academy, Petco, HomeGoods, Kohl’s, and Other National Retailers—Driving Continuous Cross-Shopping Traffic

Strong Accessibility & Transportation Drivers: Directly Across from the Max Westheimer Airport, Major Arterials, Residential Neighborhoods, and Employment Centers Enhances Accessibility for Both Local Residents and University Traffic

Listing Contacts

HL
TX TX 724882
Summit Real Estate
JV
TX TX 512565
Summit Real Estate
Summit Real Estate
Listed by Summit Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,850.00
$17,570.83/mo

Valuation Metrics

0
DSCR
6.99%
Cap Rate
6.99%
ROI

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