Restaurant
Popeye’s – Leasehold Interest (Building Only)
4015 W Owen K Garriott Rd, Enid, OK 73703
Listing Price: $612,500
Investment Overview
8.00% CAP RATE ABSOLUTE-NET LEASEHOLD INTEREST - Passive Leasehold Investment Structure
With Zero Landlord Responsibilities; Tenant Responsible For All Operating Expenses Including Ground Rent
REGIONAL RETAIL CORRIDOR ANCHORED BY NATIONAL TENANTS - Surrounding Retailers Include Walmart Supercenter, Lowe’s, Starbucks, Harbor Freight, Walgreens, T.J. Maxx, Homeland Grocery And Atwoods Ranch & Home
LARGE 1.09-ACRE PARCEL WITH DRIVE-THRU CONFIGURATION | 2.5% ANNUAL RENT INCREASES - Lease Features Fixed Annual Rent Escalations Throughout The Remaining Primary Term And Throughout All Option Periods
HIGH-VISIBILITY CORRIDOR (21,000 VPD) - Positioned On Enid’s Dominant Retail Thoroughfare With Direct Access To National Retailers, Restaurants, Hotels And Daily Commuter Traffic Freestanding 2,565 SF Restaurant Situated On 27,698 SF With Dedicated Parking, Drive-Thru Infrastructure And Multiple Points Of Ingress/ Egress
VANCE AIR FORCE BASE ENID’S LARGEST ECONOMIC DRIVER -
Vance AFB Supports Approximately 2,600 Military And Civilian Personnel And Generates An Estimated $739M Annual Economic Impact Across The Region
Investment Highlights
- 8.00% CAP Rate | Absolute-Net Leasehold Interest
- 2.5% Annual Rent Increases
- High-Visibility Corridor (21,000 VPD)
- Regional Retail Corridor Anchored By National Tenants
- Large 1.09-Acre Parcel With Drive-Thru Configuration
- Vance Air Force Base Enid's Largest Economic Driver
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Listing Price: $612,500
Investment Highlights
- 8.00% CAP Rate | Absolute-Net Leasehold Interest
- 2.5% Annual Rent Increases
- High-Visibility Corridor (21,000 VPD)
- Regional Retail Corridor Anchored By National Tenants
- Large 1.09-Acre Parcel With Drive-Thru Configuration
- Vance Air Force Base Enid's Largest Economic Driver
Investment Overview
8.00% CAP RATE ABSOLUTE-NET LEASEHOLD INTEREST - Passive Leasehold Investment Structure With Zero Landlord Responsibilities; Tenant Responsible For All Operating Expenses Including Ground Rent REGIONAL RETAIL CORRIDOR ANCHORED BY NATIONAL TENANTS - Surrounding Retailers Include Walmart Supercenter, Lowe’s, Starbucks, Harbor Freight, Walgreens, T.J. Maxx, Homeland Grocery And Atwoods Ranch & Home LARGE 1.09-ACRE PARCEL WITH DRIVE-THRU CONFIGURATION | 2.5% ANNUAL RENT INCREASES - Lease Features Fixed Annual Rent Escalations Throughout The Remaining Primary Term And Throughout All Option Periods HIGH-VISIBILITY CORRIDOR (21,000 VPD) - Positioned On Enid’s Dominant Retail Thoroughfare With Direct Access To National Retailers, Restaurants, Hotels And Daily Commuter Traffic Freestanding 2,565 SF Restaurant Situated On 27,698 SF With Dedicated Parking, Drive-Thru Infrastructure And Multiple Points Of Ingress/ Egress VANCE AIR FORCE BASE ENID’S LARGEST ECONOMIC DRIVER - Vance AFB Supports Approximately 2,600 Military And Civilian Personnel And Generates An Estimated $739M Annual Economic Impact Across The Region
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division