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Restaurant

Popeye’s – Leasehold Interest (Building Only)

4015 W Owen K Garriott Rd, Enid, OK 73703

Listing Price: $612,500

Cap Rate
8.00%
Tenant Name
Popeyes
Years Remaining On Lease
1.4
Guarantor
Franchisee Guarantee
Rentable SF
2,565
Lease Type
Absolute Net
Rent Per Square Feet
$238.79

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

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Restaurant

Popeye’s – Leasehold Interest (Building Only)

Listing Price: $612,500

Cap Rate
8.00%
Tenant Name
Popeyes
Years Remaining On Lease
1.4
Guarantor
Franchisee Guarantee
Rentable SF
2,565
Lease Type
Absolute Net
Rent Per Square Feet
$238.79

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

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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