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4125 W Owen K Garriott Rd
Enid, OK 73703
IHOP · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities and 1% annual rent increases.
- Attractive 8.00% cap rate and stable NOI of $116,400 annually.
- Recently extended 10-year lease with ±11.5 years remaining on base term.
- Located on a 1.08-acre lot along Enid’s main retail corridor with 21,000+ VPD.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
4,081 SF
Building Class
B
Year Built
1984
Percent Leased
11%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.08 AC
Parking
2,724 Spaces (10 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 0000-15-22N-07W-1-104-00 | Improvements Assessment | $7,761 |
| Land Assessment | $320,953 | Total Assessment | $328,714 |
Property Taxes
Parcel Number
0000-15-22N-07W-1-104-00
Land Assessment
$320,953
Improvements Assessment
$7,761
Total Assessment
$328,714
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