$1 Auction - REIT Sale | Former Wendy's 606 S Garland Rd 3 212 pi² Commerce de détail Immeuble Enid, OK 73703 68 016 $ CAD (21,18 $ CAD/pi²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, restaurant/retail building including drive-thru located at 606 South Garland Road in Enid, Oklahoma 73703 (the “Property”). Previously occupied by Wendy’s and most recently by Sam’s Southern Eatery, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner-users or investors to secure a flexible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE!
Built in 2003, the Property consists of a ±3,212-SF single-story building including drive-thru situated on an expansive ±0.923-acre parcel (±40,192 SF) with a surface parking lot providing 35 parking spaces. Strategically positioned as an outparcel to a Walmart anchored retail plaza, the site benefits from two points of ingress and egress, including ±244 feet along US Hwy 60 (Owen K Garriott Road) which carries ±19,757 vehicles per day (VPD) and ±163 feet along S Garland Road, which carries ±9,754 VPD. The Property is located along a highly trafficked daily-needs retail corridor, less than ±1 mile from Oakwood Mall and across the street from Lowe’s, providing strong traffic exposure, and cross-shopping opportunities. Previously leased to Sam’s Southern Eatery Restaurant on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $10-12/SF Retail. Zoned C-2, Planned Business Center, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.
Enid, Oklahoma is a significant commercial and industrial hub in northwestern Oklahoma, located about 80-miles north of Oklahoma City along U.S.?Highways 60 and 412, giving the city strong regional connectivity and access to freight and trade routes. Enid serves as a primary retail, healthcare, and service center for rural northern Oklahoma and southern Kansas. The economy is anchored by manufacturing, agriculture/energy support, aviation, and healthcare, with major employers such as Tyson Foods, Vance Air Force Base contractors, Integris Bass Baptist Health Center, and St. Mary’s Regional Medical Center providing a diversified employment base that underpins commercial demand. The surrounding corridor features a mix of national retailers, restaurants, and local service providers, including Walmart, Lowe’s, Atwoods Ranch & Home, Academy Sports, Harbor Freight, TJ Maxx, Bealls, Old Navy, Chick-fil-A, Shoe Dept, GameStop, Interstate Batteries, Whataburger, Jiffy Trip, Discount Tire, Dollar Tree, and regional shopping centers that generate consistent consumer draw. The Property also benefits from strong residential density and a metropolitan population over 22k residents within a 3-mi radius and 44,158 residents within a 5-mi radius, supported by an average household income (AHHI) above $74,000.