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Hook & Reel Absolute Net Lease Restaurant 6230 3rd st 9,740 SF Retail Building Oklahoma City, OK 73128 $3,000,000 ($308.01/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding Restaurant with 7 Years Remaining on Absolute Net Lease with 10 Percent Rent Increase in 2026
- Strong Store Sales Location with a Healthy Rent-to-Sales Ratio
- Anchor Tenants Include Walmart (2.9 Million Annual Visits), Home Depot (810K Annual Visits), Hobby Lobby (332K Annual Visits), Best Buy and More
- 9,740 SF Building Built in 2017 with Below Market Rent at $20 Per SF and Strong Store Sales Location with a Healthy Rent-to-Sales Ratio
- Outparcel to Westgate Marketplace Shopping Center Over 442,000 GLA Square Footage
- Less Than 5 Miles from Will Rogers International Airport with Direct Access to Interstate 40 with Traffic Counts of 90,500 VPD
EXECUTIVE SUMMARY
Paine Net Lease Team at Marcus & Millichap is pleased to offer for sale Hook & Reel located at 6320 SW 3rd Street in Oklahoma City, Oklahoma. Hook & Reel operates under an absolute NNN lease, offering zero landlord responsibilities and fully passive income. Positioned on a highly visible outparcel to Westgate Marketplace, the asset benefits from exposure to one of Oklahoma City’s largest and most heavily trafficked retail destinations, which encompasses over one million square feet. Westgate Marketplace serves as a first-to-market draw for national brands and consistently attracts consumer traffic.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,740 SF
Year Built
2017
Price
$3,000,000
Price Per SF
$308.01
Cap Rate
6.50%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Zoning
F1 - Commercial
NEARBY MAJOR RETAILERS
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