Listed by Marcus & Millichap - Oklahoma City, Marcus & Millichap - Salt Lake City
$2,190,000
New 15 Year Dickey's
Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 2,000
Net Rentable (SqFt) 2,000
Units 1
Cap Rate 6.36%
NOI $139,200
Occupancy 100%
Tenancy Single
Brand/Tenant Dickey's Barbecue PIT
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/01/2041
Remaining Term 14.9
Rent Bumps Yes
Pro-Forma Cap Rate 6.48%
Pro-Forma NOI $141,864
Year Built 2011
Buildings 1
Acreage 0.380
Investment Type Stabilized
Ground Lease No
Retail | 6.36% CAP | 2,000 SqFt
Marketing description
The Dickey's Barbecue Pit at 2701 N County Rd W offers a compelling investment opportunity with a 15-year absolute NNN lease, providing a truly passive income stream with no landlord responsibilities. A nationally recognized brand, Dickey's is a leader in the barbecue QSR space, ensuring tenant stability and reliable cash flow. The property is strategically located in a high-traffic area with strong visibility, driving consistent customer demand. Additionally, the growing local market and attractive cap rate make this a solid choice for investors seeking long-term stability. With the tenant covering all expenses, this is a low-maintenance, high-yield opportunity in a thriving commercial corridor.
Investment highlights
- Franchise: Dickey's Barbecue Pit (founded 1941, 450+ units)
- Years in Business: 10+ years
- Units Operated: Multiple Dickey's stores in Midland–Odessa
- Business Model: Dine-in, carryout, delivery, and strong catering component
- Staffing: Locally managed with established labor base
- Historic restaurant experiance
Listing Contacts
Listed by Marcus & Millichap - Oklahoma City, Marcus & Millichap - Salt Lake City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,200.00
$11,600.00/mo
Valuation Metrics
0
DSCR
6.36%
Cap Rate
6.36%
ROI
Map
Zoning
HC CommercialSpecial CommercialHeavy Commercial District 2
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View all 213 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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