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Views: 41 DOM: 66 Updated: 08.08.24 Posted: 07.03.24 Status: Active

Summary

Price $2,640,000
Built/Renov 2024
Tenant Pickleman's Gourmet Cafe
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,200
Lease Start 05-01-2024
#Units 30
Price/SF $1,200.00
Expiration 04-30-2034
Tenant Type Fast Casual/Rest.
NOI $171,600
R. Term 9.7
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 escalations throughout the initial term and option periods
  • 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...

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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...


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Listing Broker

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