Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,462,000
Bricktown Brewery - New 15 Yr Abs NNN Corp Lease
Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,485
Cap Rate 6.5%
NOI $160,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 3, 5 Year Options
Price per SqFt $449
Year Built 2016
Lot Size (SqFt) 31,666
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Sale Condition Sale for leaseback
Oklahoma City MSA | 6.50% CAP | 5,485 SqFt
Marketing description
Bricktown Brewery is a traditional American brew-pub, offering award-winning local beers and a full menu of shareables, burgers, sandwiches, pizzas, and sweets all prepared to the highest standard. Its uniquely-designed, spacious restaurants offer the perfect environment for guests to enjoy local beer and great food, all delivered by some of the best in-the-business servers and bartenders.
Edmond is a city in Oklahoma County, part of the Oklahoma City metropolitan area. It’s home to over 94,000 residents, making it the fifth-most populous city in Oklahoma.
Investment highlights
- Brand New 15-Year Absolute Triple-Net (NNN) Corporate-Guaranteed Lease
- Ten Percent Rental Increases Every Five Years with Multiple Renewal Options
- Bricktown Brewery Operates 21 Locations Across Five States
- Dense Trade Area in the Oklahoma City MSA - 154,976 Residents Within a Five-Mile Radius
- Households and Population Projected to Grow Four Percent in the Immediate Area by 2030
- Affluent Demographics within One-Mile - Average Household Income Exceeds $157,000
- Ten-Minute Drive Away from Downtown Edmond and the University of Central Oklahoma (Approximately 12,000 Students)
- Directly Across from New Retail Development and in Immediate Proximity to Large National Retailers: Walmart, Kohl’s, Goodwill, and More
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,000.00
$13,333.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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