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2908 N 14th St 3,043 SF Retail Building Ponca City, OK 74601 $2,977,630 CAD ($978.52 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Strong Historical Site Performance
- Long-Term Triple Net (NNN) Sale-Leaseback
- Brand New Construction
- Strong Franchisee Guarantee
Executive Summary
SURMOUNT is pleased to present the exclusive listing for a Burger King located at 2908 N 14th Street, Ponca City, OK 74601. The site consists of roughly 3,043 rentable square feet of building space on an estimated 0.75-acre parcel of land. This Burger King is subject to a 20 Years Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $125,000 and has scheduled increases of 1.50% Annually Starting Year 6.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,043 SF
Building Class
B
Year Built/Renovated
1985/2025
Price
$2,977,630 CAD
Price Per SF
$978.52 CAD
Cap Rate
5.75%
NOI
$171,214 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.75 AC
Zoning
Commercial - Commercial
Frontage
191’ on North 14th Street
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1990-15-026-02E-1-016-00 | Improvements Assessment | $114,373 CAD |
| Land Assessment | $39,022 CAD | Total Assessment | $153,395 CAD |
Property Taxes
Parcel Number
1990-15-026-02E-1-016-00
Land Assessment
$39,022 CAD
Improvements Assessment
$114,373 CAD
Total Assessment
$153,395 CAD
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2908 N 14th St
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