Zaxby's NNN Lease Investment Opportunity | 2317 S Douglas Blvd
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Zaxby's NNN Lease Investment Opportunity 2317 S Douglas Blvd
3,650 SF 100% Leased Retail Building Midwest City, OK 73130 $2,568,721 ($704/SF) 6.10% Cap Rate
Investment Highlights
- Absolute NNN lease with over 12 years remaining on the initial 20-year term with 10% increases every five years and in the 2 five-year renewal periods
- Other traffic generators include proximity to Interstate 40 and Tinker AFB, the largest single-site employer in the state with 25,000 employees.
- Zaxby’s has over 950 locations nationwide with strong brand perception as evidenced by Goldman Sachs purchasing a 50% interest ($2B) in 2020.
- This Oklahoma City MSA Zaxby’s is located on a busy signalized intersection with over 17,500 VPD with nearby national retailers and ¼ mile from I-40
- Five-mile demographics include a population over 110,000 and average household income over $77,500.
- Guarantor is an experienced 12-unit Zaxby’s franchise operator.
Executive Summary
This absolute NNN Zaxby’s, a top 50 national QSR brand, is offered for sale in Midwest City (Oklahoma City MSA) with over 12 years remaining on the initial 20-year term. Additionally, there are 10% rent increases every 5 years and two 5-year renewal options. Built in 2017, this attractive ±3,650 SF single tenant location sits on a ±0.9-acre signalized corner parcel and is one of the newer “farmhouse” prototype designs.
Zaxby’s is in eastern suburb of Oklahoma City, less than a mile north of Interstate 40 with 40,300 vehicles per day. This busy retail corridor includes several national retailers including Dunkin’ Donuts, Baskin Robbins, Firehouse Subs, Sonic, KFC, Whataburger, KinderCare, IBC Bank, State Farm, Freddy’s, and more.
Nearby Tinker Air Force Base, with more than 25,000 military and civilian employees, is the largest single-site employer in the state. The Base’s economic impact on the surrounding community has been calculated at over $6.6 billion for 2023 alone. The five-mile demographics include a population over 110,000 and an average household income over $77,500.
Zaxby’s, known for its creative preparation of chicken, wings and sauces, operates over 950 corporate and franchise locations nationwide. Due to the strength of concept, Goldman Sachs invested $2 Billion in 2020 to buy a 50% interest in the brand. The experienced Midwest City franchisee and guarantor, operates 12 locations in Georgia and Oklahoma. The property is priced at $2,568,721 and a 6.1% cap rate.
Broker of Record: Brian Brockman Bang Realty bor@bangrealty.com 513-898-1551 OK License #177814
Zaxby’s is in eastern suburb of Oklahoma City, less than a mile north of Interstate 40 with 40,300 vehicles per day. This busy retail corridor includes several national retailers including Dunkin’ Donuts, Baskin Robbins, Firehouse Subs, Sonic, KFC, Whataburger, KinderCare, IBC Bank, State Farm, Freddy’s, and more.
Nearby Tinker Air Force Base, with more than 25,000 military and civilian employees, is the largest single-site employer in the state. The Base’s economic impact on the surrounding community has been calculated at over $6.6 billion for 2023 alone. The five-mile demographics include a population over 110,000 and an average household income over $77,500.
Zaxby’s, known for its creative preparation of chicken, wings and sauces, operates over 950 corporate and franchise locations nationwide. Due to the strength of concept, Goldman Sachs invested $2 Billion in 2020 to buy a 50% interest in the brand. The experienced Midwest City franchisee and guarantor, operates 12 locations in Georgia and Oklahoma. The property is priced at $2,568,721 and a 6.1% cap rate.
Broker of Record: Brian Brockman Bang Realty bor@bangrealty.com 513-898-1551 OK License #177814
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,650 SF
Year Built
2017
Price
$2,568,721
Price Per SF
$704
Cap Rate
6.10%
NOI
$156,692
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
0.90 AC
Parking
37 Spaces (10.14 Spaces per 1,000 SF Leased)
Nearby Major Retailers
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Zaxby's NNN Lease Investment Opportunity | 2317 S Douglas Blvd
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