2212 S 4th St
Chickasha, OK 73018
Burger King · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities and Over 16 Years Remaining in Term
- Excellent Visibility with Frontage and Signage Along 4th Street/Highway 81 | Situated Just Off Interstate-44 Exit Ramp
- Burger King (NYSE: BKC) Has Over 19,000 Locations in More Than 100 Countries | Subsidiary of Restaurant Brands International (NYSE: QSR)
- Lease Supports Four, Five (5) Year Renewal Option Periods
- High Traffic Counts - Highway 81 Has Over 17,000 Vehicles Per Day and Interstate-44 Which Has Over 20,000 Vehicles Per Day
- Switchgrass Holdings, LLC (Parent) is the Largest Franchisee in Oklahoma with 49-Units
EXECUTIVE SUMMARY
Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities and Over 16 Years Remaining in Term
Lease Supports Four, Five (5) Year Renewal Option Periods
Rental Increases of 1.5% Annually Beginning in Year 6 Offer a Hedge Against Inflation and Automatic Increase in NOI
Excellent Visibility with Frontage and Signage Along 4th Street/Highway 81 | Situated Just Off Interstate-44 Exit Ramp
High Traffic Counts - Highway 81 Has Over 17,000 Vehicles Per Day and Interstate-44 Which Has Over 20,000 Vehicles Per Day
Burger King (NYSE: BKC) Has Over 19,000 Locations in More Than 100 Countries | Subsidiary of Restaurant Brands International (NYSE: QSR)
Switchgrass Holdings, LLC (Parent) is the Largest Franchisee in Oklahoma with 49-Units
Positioned Within a Busy Retail Corridor and Surrounded by High Quality Tenants Including Aldi, Chick-fil-A, KFC, Taco Bell, Starbucks, Walgreens, Walmart and Many Others
Located Within a 3-Mile Radius of Multiple Hospitality Accommodations Including Holiday Inn Express & Suites, Hampton Inn, Fairfield Inn & Suites, Quality Inn and Super 8
Lease Supports Four, Five (5) Year Renewal Option Periods
Rental Increases of 1.5% Annually Beginning in Year 6 Offer a Hedge Against Inflation and Automatic Increase in NOI
Excellent Visibility with Frontage and Signage Along 4th Street/Highway 81 | Situated Just Off Interstate-44 Exit Ramp
High Traffic Counts - Highway 81 Has Over 17,000 Vehicles Per Day and Interstate-44 Which Has Over 20,000 Vehicles Per Day
Burger King (NYSE: BKC) Has Over 19,000 Locations in More Than 100 Countries | Subsidiary of Restaurant Brands International (NYSE: QSR)
Switchgrass Holdings, LLC (Parent) is the Largest Franchisee in Oklahoma with 49-Units
Positioned Within a Busy Retail Corridor and Surrounded by High Quality Tenants Including Aldi, Chick-fil-A, KFC, Taco Bell, Starbucks, Walgreens, Walmart and Many Others
Located Within a 3-Mile Radius of Multiple Hospitality Accommodations Including Holiday Inn Express & Suites, Hampton Inn, Fairfield Inn & Suites, Quality Inn and Super 8
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,959 SF
Building Class
B
Year Built
2021
Price
$1,785,700
Price Per SF
$603.48
Cap Rate
7%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Frontage
136’ on 4th St/Hwy 277
PROPERTY TAXES
| Parcel Number | C686-00-002-001-0-000-00 | Improvements Assessment | $146,820 |
| Land Assessment | $75,770 | Total Assessment | $222,590 |
