Log In/Sign Up
Your email has been sent.
6825 SE 29th St 2,730 SF Retail Building Midwest City, OK 73110 For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN - Zero Landlord Responsibilities
- Newly-Renovated Restaurant
- 3 + Years Remaining on Lease - Sublease with Surf Bar
EXECUTIVE SUMMARY
Price Edwards & Co is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, Surf Bar investment property located in Midwest City, Oklahoma (Oklahoma City MSA). The tenant, Johnnie’s Group, LLC, has over 3 years remaining on its current lease term. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Jones Boys Enterprise, LLC (dba Surf Bar) currently occupies the building as a subtenant, paying monthly rent in the amount of $8,596.33 from 8/1/2022 to 11/30/2028. Cap rate of 6.78%
Drive Thru in place
Drive Thru in place
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,730 SF
Building Class
B
Year Built/Renovated
1987/2022
NOI
$108,564
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.30 AC
Zoning
C-3 - General Commercial Zone
Parking
18 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
56’ on 29th St
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Surf Bar opened on November 5, 2018, in the back of a boutique in Shawnee, Oklahoma. Tyler fell in love with açaí bowls in places he’d traveled to, like Hawaii, Florida and California. He had already decided he wasn’t going to college so when the opportunity came his senior year of high school, his dad, Scott, gave him $750 to buy a sign and bought 2 blenders, 1 freezer, 1 fridge, and a sink.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 150251500 | Improvements Assessment | $158,819 |
| Land Assessment | $17,186 | Total Assessment | $176,005 |
PROPERTY TAXES
Parcel Number
150251500
Land Assessment
$17,186
Improvements Assessment
$158,819
Total Assessment
$176,005
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
6825 SE 29th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.