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Wendys 705 S MacArthur Blvd 3,218 SF Retail Building Oklahoma City, OK 73128 $2,410,672 ($749.12/SF) 5.65% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities
- Rental Increases Of The Lesser of Change In CPI Or 1.25% Annually | Hedge Against Inflation
- Original Long-Term Twenty (20)-Year Lease | Approximately 15.1 Years Remaining | Six (6), Five (5)-Year Options
- Original 2019 Build-To-Suit Construction
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 705 S MacArthur Blvd, Oklahoma City, OK 73128. The site consists of roughly 3,218 rentable square feet of building space on an estimated 1.00-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 12/21/2019. The current annual rent is $136,203 and has scheduled increases of lesser of change in cpi or 1.25% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,218 SF
Building Class
C
Year Built
2019
Price
$2,410,672
Price Per SF
$749.12
Cap Rate
5.65%
NOI
$136,203
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
I-2
Frontage
365’ on South Macarthur Boulevard
Nearby Major Retailers
Property Taxes
| Parcel Number | 141991015 | Improvements Assessment | $78,772 |
| Land Assessment | $43,976 | Total Assessment | $122,748 |
Property Taxes
Parcel Number
141991015
Land Assessment
$43,976
Improvements Assessment
$78,772
Total Assessment
$122,748
Contacts
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Judson Kauffman -
Hannan Ben Yosef -
Matthew Sorace -
Christopher Marks -
Glen Kunofsky -
Surmount
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