Restaurant

Hooters

2109 SW 74th Street, Oklahoma City, OK 73159

Listing Price: $1,977,653

Cap Rate
6.25%
Tenant Name
Hooters
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
5,219
Lease Type
Absolute Net
Rent Per Square Feet
$23.68

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.

Investment Highlights

  • 15 Years Remaining on an Absolute Triple-Net Lease After an Early Extension with 10-12 Percent Rental Increases Every Five Years
  • Two, Five-Year Renewal Options with 10 Percent Rental Increases
  • Very Strong Store Sales
  • High Visibility Along I-240 Between the I-35 and I-44 Interchange and Just Five Miles from the Will Rogers World Airport

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

Listing Price: $1,977,653

Cap Rate
6.25%
Tenant Name
Hooters
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
5,219
Lease Type
Absolute Net
Rent Per Square Feet
$23.68

Investment Highlights

  • 15 Years Remaining on an Absolute Triple-Net Lease After an Early Extension with 10-12 Percent Rental Increases Every Five Years
  • Two, Five-Year Renewal Options with 10 Percent Rental Increases
  • Very Strong Store Sales
  • High Visibility Along I-240 Between the I-35 and I-44 Interchange and Just Five Miles from the Will Rogers World Airport

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.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

MM Texture Background
MM Textured Background Lower