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2201 I-240 Service Road
Oklahoma City, OK 73159
Bojangles (Ground Lease) · Retail Property For Sale

Investment Highlights

  • One Of The Fastest-Growing QSRs
  • Brand New 2026 Construction
  • Frontage on I-240, Exposure to 120K+ VPD
  • 15-Year Absolute NNN Lease w/ Increases
  • Outparcel to Hobby Lobby-Anchored Shopping Center
  • Large Parcel With Drive-Thru & Ample Parking

Executive Summary

This offering presents the opportunity to acquire a newly developed Bojangles ground lease located at 2201 W I-240 Service Road in Oklahoma City, Oklahoma. The property is structured with a 15-year absolute NNN lease featuring contractual rent increases, providing investors with a passive ownership opportunity and limited landlord responsibilities. The asset is occupied by Bojangles, one of the fastest-growing quick-service restaurant brands in the United States, offering exposure to a nationally recognized operator within a growing restaurant segment.
The site is positioned within a retail corridor anchored by Hobby Lobby and benefits from visibility and access associated with the I-240 service road network. Oklahoma City is the largest city in Oklahoma and serves as a major regional employment, healthcare, logistics, aviation, and government center. The property's location along a significant transportation corridor supports customer accessibility and provides connectivity to surrounding residential neighborhoods, retail destinations, and employment centers throughout the metropolitan area.
The combination of a long-term absolute NNN lease structure, scheduled rent increases, and tenancy from a growing national restaurant operator creates an investment profile focused on stable cash flow and operational simplicity. The property's placement within an established retail environment further enhances its positioning by leveraging existing consumer traffic and surrounding commercial activity. Investors seeking a single-tenant net-leased asset with long-term contractual income and exposure to the Oklahoma City market may find this opportunity attractive.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,574 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$3,165,750 CAD
Price Per SF
$1,229.90 CAD
Cap Rate
5%
NOI
$158,287 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.15 AC

Property Taxes

Property Taxes

Parcel Number
113501140
Land Assessment
$26,606 CAD
Improvements Assessment
$0 CAD
Total Assessment
$26,606 CAD
  • Listing ID: 41316062

  • Date on Market: 2026-07-16

  • Last Updated:

  • Address: 2201 I-240 Service Road, Oklahoma City, OK 73159

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