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1604-1630 NW 23rd St 9,200 SF 100% Leased Retail Building Oklahoma City, OK 73106 $1,872,360 ($203.52/SF) 7.50% Cap Rate
Investment Highlights
- 100% leased
- 15,600 VPD along NW 23rd St.
- 147,206 daytime employees 3-mile radius
- NW 23rd Street frontage
- Average HH Income 1-mile radius $105,153
Executive Summary
Oklahoma. Built in 2007, the property is anchored by Jersey Mike’s and a combination Pizza Hut / WingStreet.
Jersey Mike’s Subs is a leading fast-casual sandwich chain founded in 1956 in New Jersey, with more than 3,000 locations across the United States and Canada. Pizza Hut / WingStreet is a globally recognized quick-service restaurant brand founded in 1958 and operating within Yum! Brands, with more than 19,000 restaurants worldwide and an expanded menu platform that includes WingStreet branded wings.
The property is positioned along NW 23rd Street near Oklahoma City University, one of Oklahoma City’s strongest urban retail corridors, benefiting from dense surrounding
population, destination appeal, and a highly desirable central infill location. The corridor is part of the Uptown 23rd District, a historic Route 66 commercial corridor extending from Broadway to Pennsylvania and Oklahoma City University and is widely recognized as one of the city’s premier business and entertainment districts.
Property Facts
Amenities
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Amigos Travel
- Services
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- CZ Agency
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- Accommodation and Food Services
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Jersey Mike's Subs began as Mike's Subs in the 1950s in Point Pleasant, New Jersey, and later grew under Peter Cancro into a franchise business centered on submarine sandwiches made with fresh-sliced meats and bread baked in-store. Jersey Mike's Subs serves hot and cold subs, wraps, bowls, sides, drinks, desserts, kid's meals, and catering through its restaurants and digital ordering channels. Jersey Mike's Subs has expanded into a broad franchise network across the United States and Canada while keeping a menu built around "Mike's Way" preparations and made-to-order service.
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- Accommodation and Food Services
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Pizza Hut began in 1958, when two brothers borrowed money from their mother to open a pizza place in Wichita, Kansas. The business grew from that single restaurant into a franchised brand with a broad menu centered on pizza, pasta, chicken wings, breadsticks, desserts, and delivery or carryout service. Pizza Hut later became part of Yum! Brands and continues to operate as a global restaurant system with a large franchise network across many markets. The company has also built a history around menu and service milestones, including early online ordering and signature products such as Stuffed Crust and Pan pizza.
- Samurai Sushi & Grill
- Retailer
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Amigos Travel | Services | - | - | - | ||
| CZ Agency | - | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
| Samurai Sushi & Grill | Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $133,640 | |
| Land Assessment | $30,734 | Total Assessment | $164,374 |
Property Taxes
Presented by
1604-1630 NW 23rd St
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