Surf Bar | 4yrs Remain Abs NNN | 6825 SE 29th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Surf Bar | 4yrs Remain Abs NNN 6825 SE 29th St
2,730 SF Retail Building Midwest City, OK 73110 $1,670,000 ($612/SF) 6.50% Cap Rate
Investment Highlights
- 4 Years Remaining on Lease | Newly-Remodeled Building | Sublease with Surf Bar
- Strategically Located Along SE 29th St. (25,800 VPD) | Nearby Interstate 40 | Excellent Visibility
- Tinker Air Force Base | Rose State College (8,150+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence
- Direct Consumer Base | Oklahoma City MSA
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, newly-remodeled Surf Bar investment property located in Midwest City, Oklahoma (Oklahoma City MSA). The tenant, Johnnie’s Group, LLC has approximately 4 years remaining on its current lease term. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Jones Boys Enterprise, LLC (dba Surf Bar) currently occupies the building as a subtenant, paying monthly rent in the amount of $8,596.33 from 8/1/2022 to 11/30/2028.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,730 SF
Building Class
B
Year Built/Renovated
1987/2022
Price
$1,670,000
Price Per SF
$612
Cap Rate
6.50%
NOI
$108,564
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.30 AC
Zoning
C-3 - General Commercial Zone
Parking
18 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
56 FT on 29th St
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 150251500 | Improvements Assessment | $158,819 |
| Land Assessment | $17,186 | Total Assessment | $176,005 |
PROPERTY TAXES
Parcel Number
150251500
Land Assessment
$17,186
Improvements Assessment
$158,819
Total Assessment
$176,005
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Surf Bar | 4yrs Remain Abs NNN | 6825 SE 29th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.