Midwest City Retail for Sale - East Oklahoma County
Opportunity is knocking! This MOTIVATED SELLER has reduced the price to an incredible 7.42% cap rate! Zaxby’s, a top 50 national QSR brand, expanded into the Oklahoma City MSA (Midwest City) in 2017 with a total of 4 locations in Oklahoma. Zaxby’s, with over 11 years remaining on its absolute NNN lease, features the ±3,650 SF newer farmhouse style located on a signalized corner with over 17,500 VPD. In addition to its prominent location, it is less than 1/4 mile from Interstate 40 that has over 40,300 VPD.
Nearby is Tinker Air Force Base, with more than 25,000 military and civilian employees. It is the largest single-site employer in the state. The presence of the Base has an economic impact to the surrounding community at over $6.6 billion. This busy retail corridor also features many national retailers including Dunkin’, Baskin Robbins, Firehouse Subs, Sonic, KFC, Whataburger, KinderCare, IBC Bank, State Farm, Freddy’s, and more. The five-mile demographics include a population over 110,000 and an average household income over $77,500.
Zaxby’s, known for its fast casual “made to order” chicken themed dishes, operates over 991corporate and franchise locations in 17 states. Goldman Sachs invested $2 Billion in 2020 to buy a 50% interest in the brand. The experienced Midwest City franchisee and guarantor operates 13 locations in Georgia and Oklahoma. The adjusted priced is $2,111,597 and a 7.42% cap rate.
Broker of Record: Brian Brockman Bang Realty bor@bangrealty.com 513-898-1551 OK License #177814
- Motivated seller just reduced the price and cap rate to 7.42% making this the most competitively priced Zaxby’s on the market!
- Absolute NNN lease with 11+ years remaining on 20 year initial term AND 10% rent increases every 5 years.
- This outstanding Midwest City (Oklahoma City MSA) location is at a signalized intersection with 17,500 VPD plus additional traffic from Interstate 40, ¼ mile away of 40,000 VPD!
- Major retailers and nearby employers include Tinker Air Force base, the largest single employer in the state with over 25,000 employees.
- Five mile demographics include a population over 110,000 and average household income over $77,500.
- Zaxby’s continues to expand its’ fast casual dining concept, now at 991 stores in 17 states along with its equity partner, Goldman Sachs who purchased a 50% interest in 2020.
Experienced guarantor - franchise operator since 2003 with 13 Zaxby's units in Oklahoma and Georgia.
