Investment Overview

Marcus & Millichap is pleased to present for purchase a fee simple interest in a 5,219-square-foot Hooters restaurant located in Oklahoma City, Oklahoma. The single tenant restaurant operates on a triple-net lease with no landlord responsibilities and 15 years remaining after an early extension. There is a 10.8 percent rental increases in year six and a 12.1 percent rental increase in year 11. There are two, five-year renewal options with 10 percent increases in each. The property is located in a dense retail corridor near multiple shopping centers with national tenants such as Big Lots, Olive Garden, Best Buy, Hobby Lobby, National Guard Recruiting, Dollar Tree, Denny’s and Verizon. It is located just five miles from the Will Rogers World Airport, the main air travel hub in Oklahoma City, with high visibility along Interstate 240 seeing over 100,000 vehicles per day. The building sits on a large 0.62 acre lot with 55 parking spaces and easy access to an Interstate 240 on-ramp.