Salad and Go

2400 North Pennsylvania Avenue, Oklahoma City, OK 73107

$2,160,000

Cap Rate 6.25%

Views: 170 DOM: 228 Updated: 09.06.24 Posted: 01.23.24 Status: Active

Summary

Price $2,160,000	Built/Renov 2022	Tenant Salad and Go
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 780	Lease Start 12-01-2024	#Units 100
Price/SF $2,769.23	Expiration 11-30-2044	Tenant Type Fast Food/QSR
NOI $135,000	R. Term 20.2	Ownership Fee Simple
Rent/SF $173.08	Increases 10.0%/5/yrs	Pop 5Mi 243,192
Lot/AC 0.71	Options 3/5yrs/10%	AHHI 5Mi $71,655

John Zikos

Venture Commercial

Contact

Lease Highlights

Salad and Go to execute a brand-new 20-year lease with 3 (5-year) options to extend upon close of escrow
The lease features 10% rental increases every 5 years throughout the primary term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Salad and Go is strategically located at the signalized, hard corner intersection of NW 23rd St and N Pennsylvania Ave, which has a combined daily traffic count of 44,000 vehicles. The property is an outparcel to VASA Fitness and is situated within a robust neighborhood retail corridor, in a densely populated trade area. The surrounding area features prominent national tenants, including...

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Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Salad and Go Wikipedia Salad and Go Wikipedia Oklahoma City, Oklahoma Zip Code 73107 Broker Site Page DRONE Video

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Salad and Go
Guarantor:Corporate
Company:And Go Concepts, LLC
# Units:100
Stock:Private

About Tenant

Founded in 2013 in Gilbert AZ, Salad and Go is a gourmet salad drive-thru restaurant chain located throughout the Phoenix Valley. The chain’s mission is to make ready-to-eat food available and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	17,377	94,244	226,855
2023 Total Population :	17,194	91,823	222,979
2023 Employed Civilian Pop :	9,452	49,069	107,631
2023 Total Businesses :	695	9,214	17,038
2023 Average Household Income :	$ 73,156	$ 76,290	$ 72,261
2023 Total Consumer Spending :	$ 484 M	$ 2771 M	$ 5929 M
2023 Median Age :	33	36	36
2023 Total Households :	7,568	41,516	93,579
2023 Pop Age 25+: Bachelor's Degree :	3,078	15,112	28,729
2023 Average Home Value :	$ 217,702	$ 245,151	$ 252,988

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Pennsylvania Ave	NW 23rd St	2016	17,869	0.06 mi
N Pennsylvania Ave	NW 22nd St	2016	16,916	0.13 mi
Northwest 23rd Street	N Barnes Ave	2018	22,276	0.15 mi
NW 23rd St	N Flynn Ave	2018	22,276	0.18 mi
NW 23rd St	N Gatewood Ave	2019	19,057	0.24 mi
North Pennsylvania Avenue	NW 20th St	2019	15,900	0.28 mi
North Pennsylvania Avenue	NW 28th St	2019	14,200	0.28 mi
Northwest 23rd Street		2019	19,300	0.30 mi
NW 23rd St	N Cross Ave	2019	15,688	0.40 mi
N Pennsylvania Ave	NW 18th St	2016	14,791	0.41 mi

Listing Broker

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