13810 N Pennsylvania Ave
Oklahoma City, OK 73134
Fogo de Chão - Oklahoma City, OK · Retail Property For Sale

SHOP Companies is pleased to offer the fee simple interest in a long-term, net-leased Fogo de Chão located within the Memorial Road & N Pennsylvania retail corridor in Oklahoma City, one of the metro’s most established and highest-performing shopping districts. The tenant operates under a 15-year lease that commenced in July 2024, providing approximately 13.5 years of remaining base term with four (4), five-year renewal options. The lease features 10% rent increases every five years throughout the initial term and each option period, with the tenant responsible for taxes, insurance, and CAM. Landlord duties are limited to the roof and structural elements. A corporate guaranty is in place and steps down over time (see lease abstract).
The property has recently undergone a comprehensive upgrade, including more than $2.5 million in tenant investment-funded interior renovations, a refreshed façade, and a brand-new roof installed in January 2026 with long-term warranties. These improvements position the building as effectively “like new,” enhancing overall asset quality while maintaining a conservative rent structure.
The property occupies a signalized, hard-corner outparcel to Memorial Square, the top-performing Super Target-anchored power center at Memorial Road and North Pennsylvania Avenue, widely considered one of the strongest retail intersections in the Oklahoma City MSA. The site benefits from exceptional visibility, strong traffic counts, and direct adjacency to a dense concentration of national retailers, restaurants, and the nearby Quail Springs Mall. Notable large format retailers in the trade area include Super Target (97th percentile & #2 in Oklahoma*), At Home (97th percentile and #7 in the US*), as well as Walmart, Sam’s Club, Lowe’s, Home Depot, and more. The corridor is also home to many high-performing restaurants, including P.F. Chang’s, B.J.’s, Longhorn Steakhouse, Chick-fil-a, McDonald’s, Velvet Taco, and more.
Founded in Brazil, Fogo de Chão is an internationally recognized, full-service Brazilian steakhouse concept known for its churrasco-style dining experience and premium positioning. The brand operates 85 locations across the United States and continues to expand, with 14–16 additional openings planned for 2026, reflecting sustained growth and ongoing commitment to its top-performing markets.
*PlacerAI