Skip to main content

Restaurant

Burger King

24057 OK-49, Lawton, OK 73507

Listing Price: $2,315,789

Cap Rate
4.75%
Tenant Name
Switchgrass Holdings, LLC
Guarantor
Franchisee Guarantee
Rentable SF
4,298
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.59

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 24057 OK-49 in Lawton, Oklahoma. The site consists of roughly 4,298 rentable square feet of building space on an estimated 1.92-acre parcel of land. This Burger King will be subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence at closing. The annual rent will be $110,000 and is scheduled to increase by 1.50% annually beginning in year 6 of the base term and continuing throughout each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Long Term, 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Building is in the Midst of an Extensive Remodel to the Burger King of Tomorrow/ Garden Grill Format | Significant Investment by Tenant Completed in Q3 2021
  • Attractive Rental Increases of 1.50% Annually Beginning in Year 6

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Financing By

Listing Price: $2,315,789

Cap Rate
4.75%
Tenant Name
Switchgrass Holdings, LLC
Guarantor
Franchisee Guarantee
Rentable SF
4,298
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.59

Investment Highlights

  • Long Term, 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Building is in the Midst of an Extensive Remodel to the Burger King of Tomorrow/ Garden Grill Format | Significant Investment by Tenant Completed in Q3 2021
  • Attractive Rental Increases of 1.50% Annually Beginning in Year 6

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 24057 OK-49 in Lawton, Oklahoma. The site consists of roughly 4,298 rentable square feet of building space on an estimated 1.92-acre parcel of land. This Burger King will be subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence at closing. The annual rent will be $110,000 and is scheduled to increase by 1.50% annually beginning in year 6 of the base term and continuing throughout each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

Financing By

MM Texture Background
MM Textured Background Lower