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1400 NW 23rd St
Oklahoma City, OK 73106

$1,920,000 USD

Restaurant For Sale  •  2,832 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 2,527 SF
  • Lot Size 0.45 AC
  • Building Class A
  • Year Built 2022
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning C-3
45 Transit Score
90 Walk Score

Highlights

15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Increases throughout the Initial Term and CPI Adjustments in the Options.
Brand New Construction w/ Dual Drive-Thru. Positioned Along Area’s Major Retail and Traffic Corridor. Hard Corner Location.
Largest Franchisee in HTeaO System - HTeaO is the Largest and Fastest Growing Iced Tea Operator in the Quick Serve Restaurant Space.
Strong Daytime Employment Area - Near Numerous Established Business Parks, Office Spaces, Distribution Centers, Industrial & Manufacturing Plants, etc
Adjacent to Oklahoma City University - a Private University known for its Strong Performing Arts, Law, and Business Programs.
Near Downtown Oklahoma City - Home to Paycom Center (Oklahoma City’s Thunder NBA Team), Variety of Museums, Theaters, Music Venues, & Restaurants, etc
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
HTeaO 2,527 SF 3/31/2040

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Oklahoma City (Heartland Flyer - Amtrak) 5 min - 3.0 mi
AirportDriveWalkDistance
Will Rogers World 22 min - 11.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Timothy Speck 972-755-5200 Marcus & Millichap
Timothy Speck 972-755-5200 Marcus & Millichap