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Restaurant

Burger King

1801 N Van Buren St, Enid, OK 73703

Listing Price: $1,685,257

Cap Rate
5.25%
Tenant Name
Switchgrass Holdings, LLC
Years Remaining On Lease
21.8
Gross SF
4,582
Guarantor
Franchisee Guarantee
Rentable SF
4,582
Price/Gross SF
$367.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.31

Investment Overview


Marcus and Millichap is pleased to present the exclusive listing for the Burger King located at 1801 North Van Buren Street in Enid, OK.

Investment Highlights

  • Long Term Lease With 21.75 Years Remaining On Original 23-Year Lease
  • Four, Five-Year Tenant Renewal Option Periods
  • Attractive Rental Increases of 2.00% Annually Throughout Initial Term & Option Period
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: $1,685,257

Cap Rate
5.25%
Tenant Name
Switchgrass Holdings, LLC
Years Remaining On Lease
21.8
Gross SF
4,582
Guarantor
Franchisee Guarantee
Rentable SF
4,582
Price/Gross SF
$367.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.31

Investment Highlights

  • Long Term Lease With 21.75 Years Remaining On Original 23-Year Lease
  • Four, Five-Year Tenant Renewal Option Periods
  • Attractive Rental Increases of 2.00% Annually Throughout Initial Term & Option Period
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview


Marcus and Millichap is pleased to present the exclusive listing for the Burger King located at 1801 North Van Buren Street in Enid, OK.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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