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Dairy Queen | 12yrs Remain Abs NNN w/ Incrs 1835 W Main St 2,624 SF Retail Building Norman, OK 73069 $2,200,000 ($838.41/SF) 6% Cap Rate
Investment Highlights
- 12 Years Remaining | Options To Extend | Scheduled Rental Increases
- Sooner Mall | University of Oklahoma (29,000+ Students) |Norman High School (2,100+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dairy Queen investment property located in Norman, Oklahoma. The tenant, Dairy Queen, has 12 years of lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,624 SF
Building Class
B
Year Built
2015
Price
$2,200,000
Price Per SF
$838.41
Cap Rate
6%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.91 AC
Zoning
C-2 - General Commercial
Parking
21 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
110’ on Main
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Dairy Queen began in 1940 when John Fremont McCullough created a new soft-serve formula in Illinois. The first store's immediate success led to rapid franchising across America. Today, the company operates through a franchise model offering both frozen desserts and fast food items. While maintaining its signature soft-serve products, the menu expanded to include Blizzard Treats and various grilled food options. Dairy Queen has established a significant international presence through its franchise network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0171846 | Improvements Assessment | $57,751 |
| Land Assessment | $94,965 | Total Assessment | $152,716 |
Property Taxes
Parcel Number
R0171846
Land Assessment
$94,965
Improvements Assessment
$57,751
Total Assessment
$152,716
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Dairy Queen | 12yrs Remain Abs NNN w/ Incrs | 1835 W Main St
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