Restaurant
TGI Friday's
4239 Northwest Expy, Oklahoma City, OK 73116
Listing Price: $2,880,000
Investment Overview
The NNN Pro Group is pleased to present the broker opinion of value for a TGI Fridays located at 4239 Northwest Expressway in Oklahoma City, Oklahoma. The site consists of roughly 11,654 rentable square feet of building space on estimated 1.89-acre parcel of land. This TGI Fridays is subject to a 15-year triple-net (NNN) lease, which commenced September 1, 2021. The current annual rent is $180,000 and is scheduled to increase by an average of 1.50% annually beginning in year 6. The rent increases by 4.57% at the start of the first of the three, five-year tenant renewal option periods. The 1.50% annual rental increases continue throughout the remainder of the option periods thereafter.
Listing Price: $2,880,000
Investment Highlights
- Long-Term, 15-Year Triple Net (NNN) Lease
- Approximately 13.9 Years Remaining
- Well Below Market Rent
Investment Overview
The NNN Pro Group is pleased to present the broker opinion of value for a TGI Fridays located at 4239 Northwest Expressway in Oklahoma City, Oklahoma. The site consists of roughly 11,654 rentable square feet of building space on estimated 1.89-acre parcel of land. This TGI Fridays is subject to a 15-year triple-net (NNN) lease, which commenced September 1, 2021. The current annual rent is $180,000 and is scheduled to increase by an average of 1.50% annually beginning in year 6. The rent increases by 4.57% at the start of the first of the three, five-year tenant renewal option periods. The 1.50% annual rental increases continue throughout the remainder of the option periods thereafter.
