Map of Property

Zaxby's NNN Lease Investment Opportunity | 6.1% Cap Rate | Midwest City, OK

For Sale

2317 S Douglas Blvd, Midwest City, OK 73130

This Midwest City property for sale is located at 2317 S Douglas Blvd. The current listed sale price for Zaxby's NNN Lease Investment Opportunity | 6.1% Cap Rate | Midwest City, OK is $2,568,721. Zaxby's NNN Lease Investment Opportunity | 6.1% Cap Rate | Midwest City, OK is situated on a lot that is 0.9 acre in size.

Contacts

broker
Nancy Miller, CCIM, MBA

Bull Realty

Property Details

  • Property Type Retail - Restaurant
  • Property Size 3,650 SF
  • Lot Size 0.9 Acre
  • Additional Rent Contact for pricing
  • Year Built 2017
  • Date Updated Dec 20, 2024
This property is located in Midwest, Oklahoma.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.
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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.
  • This Oklahoma City MSA Zaxby’s is located on a busy signalized intersection with over 17,500 VPD with many nearby national retailers and ¼ mile from Interstate 40 with over 40K+ VPD.
  • Other traffic generators include proximity to Interstate 40 and Tinker AFB, the largest single-site employer in the state with 25,000 employees.
  • Five-mile demographics include a population over 110,000 and average household income over $77,500.
  • Zaxby’s has over 950 locations nationwide with strong brand perception as evidenced by Goldman Sachs purchasing a 50% interest ($2B) in 2020.
  • Guarantor is an experienced 12-unit Zaxby’s franchise operator.

Getting around

  • 60/100

    Walk Score ®

  • 40/100

    Bike Score ®

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Location

  • City Midwest City, OK
  • Neighborhood Midwest City
  • Zip Code 73130
  • Market Oklahoma City

Points of Interest

  • Adventure DistrictTrain Station

    7.42 miles

  • East Bricktown

    7.73 miles

  • Ballpark

    7.87 miles

  • Mickey Mantle

    7.93 miles

  • Santa Fe Hub

    8.05 miles

  • Bricktown

    8.05 miles

  • Oklahoma City

    8.10 miles

  • Oklahoma City Amtrak/Santa Fe Hub

    8.13 miles

  • Arena

    8.22 miles

  • Century Center

    8.26 miles

  • OnCue

    0.50 miles

  • 7-Eleven

    1.20 miles

  • OnCue Express #102

    1.95 miles

  • Shell

    1.99 miles

  • Valero

    2.43 miles

  • Alon

    2.46 miles

  • Fina

    2.66 miles

  • Conoco

    2.92 miles

  • Soldier Creek Trailhead

    0.68 miles

  • Golf Cart Parking

    5.60 miles

  • Choctaw Creek Park Horse Trails Parking

    5.92 miles

  • Choctaw Creek Park South Parking

    6.18 miles

  • Choctaw Creek Park North Parking

    6.29 miles

  • Truck Parking

    6.32 miles

  • Zaxby's

    0.00 miles

  • Sonic

    0.27 miles

  • Freddy's

    0.33 miles

  • KFC

    0.35 miles

  • Jimmy John's

    0.39 miles

  • Whataburger

    0.47 miles

  • Long John Silver's

    0.50 miles

  • A&W

    0.50 miles

  • McDonald's

    0.58 miles

  • Denny's

    0.66 miles

  • Kohl's

    1.33 miles

  • Marshalls

    1.37 miles

  • Target

    1.43 miles

  • Crest Foods

    1.66 miles

  • Walmart Neighborhood Market

    1.68 miles

  • WinCo Foods

    1.91 miles

  • ALDI

    2.29 miles

  • Ross

    2.43 miles

  • Big Lots

    2.44 miles

  • Burlington

    2.83 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Nancy Miller, CCIM, MBA

Bull Realty