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1220 N Mississippi Ave
Ada, OK 74820

$3,980,165 USD

Restaurant For Sale  •  4,812 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,858 SF
  • Lot Size 2.74 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 6.75 %
  • Tenancy Single
0 Transit Score
47 Walk Score

Highlights

7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
Annual Rent Increases Providing a Healthy Hedge Against Inflation
Strong Guarantee From RMH Franchise Holdings - Currently Operating Over 130 Restaurants Across 14 States
Outstanding Unit Level Sales, Providing a Healthy Rent-to-Sales Ratio
Strategically Located on N Mississippi Ave, the Main Throughfare Through Ada, Which Sees an Average of Over 13,000 Vehicles Per Day
3-Miles From East Central University - Enrollment of Over 4,000 Students
Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Applebee’s 4,858 SF 12/31/2032

Amenities

  • Pylon Sign
  • Restaurant
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jordan Mulloy 512-768-0380 Sands Investment Group Austin, LLC
Jordan Mulloy 512-768-0380 Sands Investment Group Austin, LLC