QDOBA 2 Tenant Strip
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
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