$1 Auction - REIT Sale | Former Restaurant 606 S Garland Rd 3,212 SF Retail Building Enid, OK 73703 $50,000 ($15.57/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, restaurant/retail building including drive-thru located at 606 South Garland Road in Enid, Oklahoma 73703 (the “Property”). Formerly occupied by Sam’s Southern Eatery, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner-users or investors to secure a flexible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE!
Built in 2003, the Property consists of a ±3,212-SF single-story building including drive-thru situated on an expansive ±0.923-acre parcel (±40,192 SF) with a surface parking lot providing 35 parking spaces. Strategically positioned as an outparcel to a Walmart anchored retail plaza, the site benefits from two points of ingress and egress, including ±244 feet along US Hwy 60 (Owen K Garriott Road) which carries ±19,757 vehicles per day (VPD) and ±163 feet along S Garland Road, which carries ±9,754 VPD. The Property is located along a highly trafficked daily-needs retail corridor, less than ±1 mile from Oakwood Mall and across the street from Lowe’s, providing strong traffic exposure, and cross-shopping opportunities. Previously leased to Sam’s Southern Eatery Restaurant on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $10-12/SF Retail. Zoned C-2, Planned Business Center, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.
Enid, Oklahoma is a significant commercial and industrial hub in northwestern Oklahoma, located about 80-miles north of Oklahoma City along U.S.?Highways 60 and 412, giving the city strong regional connectivity and access to freight and trade routes. Enid serves as a primary retail, healthcare, and service center for rural northern Oklahoma and southern Kansas. The economy is anchored by manufacturing, agriculture/energy support, aviation, and healthcare, with major employers such as Tyson Foods, Vance Air Force Base contractors, Integris Bass Baptist Health Center, and St. Mary’s Regional Medical Center providing a diversified employment base that underpins commercial demand. The surrounding corridor features a mix of national retailers, restaurants, and local service providers, including Walmart, Lowe’s, Atwoods Ranch & Home, Academy Sports, Harbor Freight, TJ Maxx, Bealls, Old Navy, Chick-fil-A, Shoe Dept, GameStop, Interstate Batteries, Whataburger, Jiffy Trip, Discount Tire, Dollar Tree, and regional shopping centers that generate consistent consumer draw. The Property also benefits from strong residential density and a metropolitan population over 22k residents within a 3-mi radius and 44,158 residents within a 5-mi radius, supported by an average household income (AHHI) above $74,000.