loader
Join Free
Views: 71 DOM: 141 Updated: 11.07.24 Posted: 07.03.24 Status: Active

Summary

Price $2,542,000
Built/Renov 2024
Tenant Pickleman's Gourmet Cafe
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,200
Lease Start 05-01-2024
#Units 30
Price/SF $1,155.45
Expiration 04-30-2034
Tenant Type Fast Casual/Rest.
NOI $171,600
R. Term 9.5
Ownership Fee Simple
Rent/SF $78.00
Increases 10.0%/5/yrs
Pop 5Mi 62,904
Lot/AC 0.71
Options 2/5yrs/10%
AHHI 5Mi $105,458

Lease Highlights

  • Brand new 2024 construction
  • Pickleman’s Gourmet Cafe has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Pickleman's Gourmet Cafe is strategically located at the signalized, hard corner intersection of 96th Street North and Garnett Road, with access to a combined daily traffic count of 31,000 vehicles. The property is part of Smith Farm Village, a brand new commercial and residential development. Additionally, it is situated across the street from Owasso Market, which features a Walmart...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Pickleman’s Gourmet Cafe is a growing fast-casual restaurant concept loved for its freshly made food crafted onsite from responsible, clean ingredients. The cafe offers award-winning toasted...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,966 46,734 65,384
2024 Total Population : 8,807 45,045 63,016
2024 Employed Civilian Pop : 4,888 23,806 33,109
2024 Total Businesses : 516 1,490 1,823
2024 Average Household Income : $ 98,554 $ 103,271 $ 110,047
2024 Total Consumer Spending : $ 281 M $ 1546 M $ 2271 M
2024 Median Age : 37 36 37
2024 Total Households : 3,280 17,128 23,660
2024 Pop Age 25+: Bachelor's Degree : 1,799 7,422 10,277
2024 Average Home Value : $ 271,441 $ 290,221 $ 304,596
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N 113th E Ave E 4th St 2015 16,474 0.17 mi
E 96th St N N 119th E Ave 2011 23,412 0.20 mi
E 96th St N 111th E Ave 2015 10,112 0.22 mi
North Garnett Road Garnett Rd 2021 10,300 0.24 mi
E 98th St N N 111th East Ave 2015 1,001 0.25 mi
East 96th Street North N 113th E Ave 2021 15,500 0.27 mi
East 96th Street North N 113th E Ave 2019 16,200 0.27 mi
E 99th St N N 109th Ave E 2015 483 0.33 mi
Smith Farm Market E 96th St N 2015 9,096 0.42 mi
North 121st East Avenue E 96th St N 2021 5,400 0.42 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity