Listed by SURMOUNT
$2,092,768
Burger King
Details
Property Type Retail
Sub Type Restaurant - quick service
Square Footage 2,767
Cap Rate 6.00%
NOI $125,566
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King
Lease Type NNN
Lease Term 25
Lease Expiration 06/30/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2016
Acreage 1.030
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 01/01/2011
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the Broker Opinion of Value for a Burger King located at 2929 Southwest 29th Street, Oklahoma City, OK 73119. The site consists of roughly 2,767 rentable square feet of building space on an estimated 1.03-acre parcel of land. Burger King is subject to a 25-year Triple Net (NNN) lease, which commenced 1/1/2011. The current annual rent is $125,566 and has scheduled increases of 1.75% Annually.
Investment highlights
- High-Visibility Corridor | Positioned along SW 29th Street with approximately 22,000 vehicles daily, providing outstanding visibility and convenient customer access.
- Established Burger King Location | Long-standing Burger King operating from a freestanding single-tenant building with dedicated parking and excellent street presence.
- Strong Retail Corridor | Surrounded by Walmart, Walgreens, McDonald's, KFC, AutoZone, Dollar Tree, AT&T, O'Reilly Auto Parts and numerous national retailers.
- Dense Infill Demographics | More than 214,000 residents live within five miles, supported by over 81,800 households and approximately $2.0 billion consumer spending.
- Excellent Regional Connectivity | Convenient access to I-44, I-240 and I-40 allows customers and employees to reach the property from throughout Oklahoma City with ease.
- Established Trade Area | Located within a mature commercial corridor featuring restaurants, neighborhood retail, service businesses and daily destination traffic.
- Near Major Employment Centers | Minutes from downtown Oklahoma City, Will Rogers International Airport and major employment hubs driving consistent daytime activity.
- Growing Consumer Base | Population and household counts continue to increase throughout the trade area, supporting long-term retail demand and tenant performance.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,566.00
$10,463.83/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
