Sonic & Vacant Hooters
Absolute Net Lease | Former Hooters Available for Lease | Additional Income From Billboard
Investment highlights
SONIC RESTAURANT AND VACANT HOOTERS PROPERTY FOR LEASE ON SEPARATE PARCELS: Sonic has operated at this location since 2000 and was recently remodeled in 2024.
• SHORT TERM LEASE REMAINING: Sonic has 3 years remaining on an absolute net lease with five, 1-year renewal options and 3% increases in each option.
• ADDITIONAL INCOME FROM BILLBOARD LEASE: Billboard located on Sonic parcel generates additional annual income with just under 5 years remaining on billboard ground lease.
• ABSOLUTE NET LEASE: No landlord responsibilities. Tenant is responsible for everything including roof and structure. Lease is corporately guaranteed by Sonic.
• FORMER HOOTERS AVAILABLE FOR LEASE UP: Property was built in 2004 with high visibility, pylon sign and large parking lot with easy access from all traffic directions. Contact broker for details.
• HIGH-TRAFFIC CORRIDOR: Situated on Northwest Expressway near the N May Ave intersection seeing a combined 64,500 vehicles per day.
• LOCATED IN A EXTREMELY DENSE REGIONAL HOTEL, RETAIL & OFFICE CORRIDOR: Located near multiple national retail tenants such as Home Depot, Target, Dave and Buster’s, Best Buy, Residence Inn, Embassy Suites, Hampton Inn, Holiday Inn, Hilton Garden, Chipotle, AT&T, Walgreens, and More. Directly adjacent to Union Plaza, a large 250,000 square foot class A office tower and near Integris Health Baptist Medical Center, a major 500 bed hospital campus.
• STRATEGIC REGIONAL CONNECTIVITY: Located 9 miles from downtown Oklahoma City, 1.5 miles from Penn Square Mall and 7 miles from Lake Hefner with easy access to I nterstate 44 and Interstate 235.
• STRONG LOCAL DEMOGRAPHICS: 5 mile population exceeds 226,800 and is projected to increase by 2028. Daytime population exceeds 33,500 within 1 mile of the property, and 375,300 within 5 miles. Average household incomes exceed $83,300 within 1 mile. Unemployment is below 2% within 10 miles.
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