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Restaurant

TGI Friday's

4239 Northwest Expy, Oklahoma City, OK 73116

Listing Price: $2,880,000

Cap Rate
6.25%
Tenant Name
American Pub, LLC
Years Remaining On Lease
13.6
Guarantor
Private Guarantee
Rentable SF
11,654
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.45

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.

Investment Highlights

  • Long-Term, 15-Year Triple Net (NNN) Lease
  • Approximately 13.9 Years Remaining
  • Well Below Market Rent

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Listing Price: $2,880,000

Cap Rate
6.25%
Tenant Name
American Pub, LLC
Years Remaining On Lease
13.6
Guarantor
Private Guarantee
Rentable SF
11,654
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.45

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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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