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2212 S 4th St
Chickasha, OK 73018
Retail Property For Sale
Investment Highlights
- Long-term NNN lease through April 2041 with zero landlord responsibilities and annual increases starting in year six.
- Experienced and well-capitalized franchisee operating 49 Burger King locations.
- Modern 2,959 SF building completed in 2020 with updated prototype design and drive-thru configuration.
- Absolute net investment with no operating obligations for the owner.
- High-visibility location adjacent to I-44 exit ramp in a growing commercial corridor.
- Proximity to major national retailers including Walmart, Starbucks, ALDI, and Walgreens ensures consistent traffic flow.
Executive Summary
This offering features a newly constructed, single-tenant Burger King property located on a heavily trafficked commercial corridor in Chickasha, Oklahoma. The asset operates under a long-term absolute NNN lease with zero landlord responsibilities, providing a completely passive investment. The current lease extends through April 2041, with four additional 5-year renewal options and scheduled annual rent escalations of 1.5% starting in year six, ensuring built-in income growth over time.
The franchisee is an established and experienced operator managing 49 units, adding to the security of this investment. Situated at a signalized intersection near Interstate 44, the property benefits from excellent visibility and prominent signage, drawing high customer traffic from surrounding major national retailers such as Walmart, Starbucks, ALDI, and Walgreens.
Priced at $2,200,000 with a 5.76% capitalization rate, this property combines strong tenant credit, a long-term lease structure, and zero operational obligations, making it an exceptional opportunity for investors seeking dependable income and portfolio stability.
The franchisee is an established and experienced operator managing 49 units, adding to the security of this investment. Situated at a signalized intersection near Interstate 44, the property benefits from excellent visibility and prominent signage, drawing high customer traffic from surrounding major national retailers such as Walmart, Starbucks, ALDI, and Walgreens.
Priced at $2,200,000 with a 5.76% capitalization rate, this property combines strong tenant credit, a long-term lease structure, and zero operational obligations, making it an exceptional opportunity for investors seeking dependable income and portfolio stability.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,959 SF
Building Class
B
Year Built
2020
Price
$3,102,220 CAD
Price Per SF
$1,048.40 CAD
Cap Rate
5.77%
NOI
$178,906 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Parking
30 Spaces (10.14 Spaces per 1,000 SF Leased)
Frontage
136’ on 4th St/Hwy 277
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | C686-00-002-001-0-000-00 | Improvements Assessment | $188,733 CAD |
| Land Assessment | $125,141 CAD | Total Assessment | $313,874 CAD |
Property Taxes
Parcel Number
C686-00-002-001-0-000-00
Land Assessment
$125,141 CAD
Improvements Assessment
$188,733 CAD
Total Assessment
$313,874 CAD
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