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FREDDY'S (BELOW REPLACEMENT COST)- DURANT, OK 1051 Westside Dr

3,123 SF Retail Building Durant, OK 74701 $1,926,000 ($617/SF) 6.75% Cap Rate

Retail Space Oklahoma Durant 1051 Westside Dr, Durant, OK 74701

Investment Highlights

  • LONG -TERM LEASE - 19 Years Remaining on initial 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • HIGH TRAFFIC COUNTS/VISIBILITY - Situated on a ±1.0-acre lot with excellent visibility/access on Westside Dr
  • 2023 VERY AFFLUENT DEMOGRAPHICS: Total Population: 26,424 | Average Household Income: $83,595
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 67 locations, which include 33 Freddy’s restaurants
  • traffic counts of 30,500 CPD!

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,123 SF
Building Class
C
Year Built
2018
Price
$1,926,000
Price Per SF
$617
Cap Rate
6.75%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
C

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Links

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Nearby Major Retailers

First United Bank And Trust Company
Simmons Bank
IHOP
Applebee's
Freddy's Frozen Custard & Steakburgers
Cadence Bank
Starbucks
Boomarang Diner
Rib Crib
Buddy's Home Furnishings

PROPERTY TAXES

Parcel Number A098-00-000-00C-0-000-00 Improvements Assessment $62,044
Land Assessment $47,850 Total Assessment $109,894

PROPERTY TAXES

Parcel Number
A098-00-000-00C-0-000-00
Land Assessment
$47,850
Improvements Assessment
$62,044
Total Assessment
$109,894
(402) 730-6021

Contact

  • Listing ID: 34321264

  • Date on Market: 12/30/2024

  • Last Updated:

  • Address: 1051 Westside Dr, Durant, OK 74701

More public record information on 1051 Westside Dr, Durant, OK 74701

The Retail Property at 1051 Westside Dr, Durant, OK 74701 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

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FREDDY'S (BELOW REPLACEMENT COST)- DURANT, OK | 1051 Westside Dr
(402) 730-6021 x

FREDDY'S (BELOW REPLACEMENT COST)- DURANT, OK | 1051 Westside Dr

Kendall Carlsen

(402) 730-6021

(402) 730-6021

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