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KFC 2615 W Broadway St 3,070 SF Retail Building Ardmore, OK 73401 $1,935,043 ($630.31/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term NNN Lease A brand new 20-year lease will be signed at the close of escrow, with no landlord responsibilities
- Experienced Operator
- Attractive Rental Increases The lease will feature annual increases of one-and-a-quarter percent (1.25%) starting in year six (6)
- National Concept
EXECUTIVE SUMMARY
Surmount is pleased to present the Broker Opinion of Value for a KFC located at 2615 W Broadway St, Ardmore, OK 73401. The site consists of roughly 3,070 rentable square feet of building space on an estimated 0.57-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,940 and has scheduled increases of 1.25% starting in year 6.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,070 SF
Building Class
B
Year Built
2009
Price
$1,935,043
Price Per SF
$630.31
Cap Rate
6.25%
NOI
$120,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.57 AC
Zoning
C1
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0385-00-001-001-0-001-00 | Improvements Assessment | $61,258 |
| Land Assessment | $60,000 | Total Assessment | $121,258 |
PROPERTY TAXES
Parcel Number
0385-00-001-001-0-001-00
Land Assessment
$60,000
Improvements Assessment
$61,258
Total Assessment
$121,258
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KFC | 2615 W Broadway St
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