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The Mug Scratch Kitchen & Tavern 1800 S Meridian Ave 6,344 SF Retail Building Oklahoma City, OK 73108 $2,744,000 ($432.53/SF) 7.84% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease
- Long Term Tenant (12 years)
- Strong Local Operator
- Over $3,000,000 in Annual Revenue
EXECUTIVE SUMMARY
Being offered as a NNN investment sale, the Mug Kitchen & Tavern is located at 1800 S Meridian Ave, Oklahoma City. Being located in the S Meridian Corridor, The Mug sees high traffic from the inflow of the OKC Airport as well as the surrounding hotels. The building sits on a 1.72 AC lot with extensive parking.
Having been leased for the past 12 years by The Mug, sales have continued to grow now exceeding $3,000,000 annually. In November of 2025, The Mug annual rent will increase to $215,040 per year. The current NNN lease structure places structural maintenance, rood repairs, parking lot, HVAC, and plumbing maintenance all on the Tenant.
Having been leased for the past 12 years by The Mug, sales have continued to grow now exceeding $3,000,000 annually. In November of 2025, The Mug annual rent will increase to $215,040 per year. The current NNN lease structure places structural maintenance, rood repairs, parking lot, HVAC, and plumbing maintenance all on the Tenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,344 SF
Building Class
C
Year Built
1999
Price
$2,744,000
Price Per SF
$432.53
Cap Rate
7.84%
NOI
$215,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.72 AC
Zoning
I-1 - Light Industrial
Parking
109 Spaces (17.18 Spaces per 1,000 SF Leased)
Frontage
185’ on S Meridian Ave
AMENITIES
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 132383951 | Improvements Assessment | $129,653 |
| Land Assessment | $36,637 | Total Assessment | $166,290 |
PROPERTY TAXES
Parcel Number
132383951
Land Assessment
$36,637
Improvements Assessment
$129,653
Total Assessment
$166,290
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