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Restaurant

Hook & Reel Absolute Net Restaurant | Shopping Center Outparcel

6230 SW 3rd St, Oklahoma City, OK 73128

Listing Price: $3,000,000

Cap Rate
6.49%
Tenant Name
Hook & Reel
Years Remaining On Lease
6.4
Gross SF
9,740
Guarantor
Personal Guarantee
Rentable SF
9,740
Price/Gross SF
$308.01
Lease Type
Absolute Net
Rent Per Square Feet
$20.00

Investment Overview

Marcus & Millichap is pleased to offer for sale Hook & Reel located at 6320 SW 3rd Street in Oklahoma City, Oklahoma. Hook & Reel operates under an absolute NNN lease, offering zero landlord responsibilities and fully passive income. Positioned on a highly visible outparcel to Westgate Marketplace, the asset benefits from exposure to one of Oklahoma City’s largest and most heavily trafficked retail destinations, which encompasses over one million square feet. Westgate Marketplace serves as a first-to-market draw for national brands and consistently attracts consumer traffic.

The area surrounding the property is a mature, high-performing retail node on the west side of Oklahoma City, strategically located near residential communities, hospitality assets, and high-traffic thoroughfares. The site caters to both local residents and a growing population of regional shoppers who are attracted to the area's retail density and accessibility. Its close proximity to Will Rogers World Airport, just a short drive away, further enhances the daytime population and destination-driven traffic in the trade area. Westgate Marketplace is anchored by some of the most recognized and creditworthy tenants in the country, including Walmart Supercenter, Home Depot, Hobby Lobby, Ross Dress for Less, Best Buy, and numerous other national retailers. This dense retail synergy supports high daily consumer traffic, strong cross-shopping, and stable sales volumes for all businesses in the center. The property additionally benefits from excellent visibility and direct access to Interstate 40, which sees approximately 90,500 vehicles per day, significantly enhancing exposure and accessibility for both local and regional customers.

Investment Highlights

  • Freestanding Restaurant with 7 Years Remaining on Absolute Net Lease
  • 10 Percent Rent Increase in 2026
  • 9,740 SF Building Built in 2017 with Below Market Rent at $20 Per SF
  • Outparcel to Westgate Marketplace Shopping Center Over 442,000 GLA Square Footage and 1.2 Million Visitors Yearly
  • Anchor Tenants Include Walmart (2.9 Million Annual Visits), Home Depot (810K Annual Visits), Hobby Lobby (332K Annual Visits), Best Buy (251K Annual Visits), Dick's Sporting Goods (251K Annual Visits), Ross Dress for Less (374K Annual Visits), Cavender's Boots (272K Annual Visits)
  • Less Than 5 Miles from Will Rogers International Airport with Direct Access to Interstate 40 with Traffic Counts of 90,500 VPD
  • Strong Store Sales Location with a Healthy Rent-to-Sales Ratio
  • Oklahoma City is Home to Over 1.4 Million People, and Over the Next Five Years, Population Growth is Expected to Outpace the National Rate

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Restaurant

Hook & Reel Absolute Net Restaurant | Shopping Center Outparcel

Listing Price: $3,000,000

Cap Rate
6.49%
Tenant Name
Hook & Reel
Years Remaining On Lease
6.4
Gross SF
9,740
Guarantor
Personal Guarantee
Rentable SF
9,740
Price/Gross SF
$308.01
Lease Type
Absolute Net
Rent Per Square Feet
$20.00

Investment Highlights

  • Freestanding Restaurant with 7 Years Remaining on Absolute Net Lease
  • 10 Percent Rent Increase in 2026
  • 9,740 SF Building Built in 2017 with Below Market Rent at $20 Per SF
  • Outparcel to Westgate Marketplace Shopping Center Over 442,000 GLA Square Footage and 1.2 Million Visitors Yearly
  • Anchor Tenants Include Walmart (2.9 Million Annual Visits), Home Depot (810K Annual Visits), Hobby Lobby (332K Annual Visits), Best Buy (251K Annual Visits), Dick's Sporting Goods (251K Annual Visits), Ross Dress for Less (374K Annual Visits), Cavender's Boots (272K Annual Visits)
  • Less Than 5 Miles from Will Rogers International Airport with Direct Access to Interstate 40 with Traffic Counts of 90,500 VPD
  • Strong Store Sales Location with a Healthy Rent-to-Sales Ratio
  • Oklahoma City is Home to Over 1.4 Million People, and Over the Next Five Years, Population Growth is Expected to Outpace the National Rate

Investment Overview

Marcus & Millichap is pleased to offer for sale Hook & Reel located at 6320 SW 3rd Street in Oklahoma City, Oklahoma. Hook & Reel operates under an absolute NNN lease, offering zero landlord responsibilities and fully passive income. Positioned on a highly visible outparcel to Westgate Marketplace, the asset benefits from exposure to one of Oklahoma City’s largest and most heavily trafficked retail destinations, which encompasses over one million square feet. Westgate Marketplace serves as a first-to-market draw for national brands and consistently attracts consumer traffic. The area surrounding the property is a mature, high-performing retail node on the west side of Oklahoma City, strategically located near residential communities, hospitality assets, and high-traffic thoroughfares. The site caters to both local residents and a growing population of regional shoppers who are attracted to the area's retail density and accessibility. Its close proximity to Will Rogers World Airport, just a short drive away, further enhances the daytime population and destination-driven traffic in the trade area. Westgate Marketplace is anchored by some of the most recognized and creditworthy tenants in the country, including Walmart Supercenter, Home Depot, Hobby Lobby, Ross Dress for Less, Best Buy, and numerous other national retailers. This dense retail synergy supports high daily consumer traffic, strong cross-shopping, and stable sales volumes for all businesses in the center. The property additionally benefits from excellent visibility and direct access to Interstate 40, which sees approximately 90,500 vehicles per day, significantly enhancing exposure and accessibility for both local and regional customers.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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