Burger King w/15 Years Remaining
Chickasha, OK, 73018
Newly built in 2020, this property features a long-term NNN lease through April 2041 with zero landlord obligations. The location benefits from excellent visibility and high traffic counts due to its frontage and signage at an Interstate exit ramp. It is situated in a busy corridor alongside many other major franchise tenants.
$2,200,000
Sale Price
5.76%
Cap Rate
2,959
Building SF
Retail
Asset Type
Core
Investment
Why this is a good deal
This Burger King offers a long-term NNN lease through April 2041 with zero landlord obligations and rent increases of 1.5% each April. The tenant is an experienced operator with 49 units.