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Dairy Queen | 12yrs Remain Abs NNN w/ Incrs 1835 W Main St 2,624 SF Retail Building Norman, OK 73069 $3,071,024 CAD ($1,170.36 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 12 Years Remaining | Options To Extend | Scheduled Rental Increases
- Sooner Mall | University of Oklahoma (29,000+ Students) |Norman High School (2,100+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dairy Queen investment property located in Norman, Oklahoma. The tenant, Dairy Queen, has 12 years of lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,624 SF
Building Class
B
Year Built
2015
Price
$3,071,024 CAD
Price Per SF
$1,170.36 CAD
Cap Rate
6%
NOI
$184,261 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.91 AC
Zoning
C-2 - General Commercial
Parking
21 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
110’ on Main
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
International Dairy Queen Inc., (IDQ), headquartered in Minneapolis, Minnesota, is the parent company of American Dairy Queen Corporation and Dairy Queen Canada, Inc. Through its subsidiaries, IDQ develops, licenses and services a system of many DQ restaurants in many countries. IDQ is a subsidiary of Berkshire Hathaway Inc., which is led by Warren Buffett, the legendary investor and CEO of Berkshire.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R0171846 | Improvements Assessment | $207,403 CAD |
| Land Assessment | $131,488 CAD | Total Assessment | $338,891 CAD |
PROPERTY TAXES
Parcel Number
R0171846
Land Assessment
$131,488 CAD
Improvements Assessment
$207,403 CAD
Total Assessment
$338,891 CAD
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Dairy Queen | 12yrs Remain Abs NNN w/ Incrs | 1835 W Main St
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