For Sale
$1,920,000

3304 Kickapoo Ave Shawnee, OK 74804

Profitable NNN Lease, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a brand-new, 2,527 square-foot HTeaO quick-service restaurant in Shawnee, Oklahoma. Boasting a dual drive-thru, this Class A property sits on a 0.8-acre lot and benefits from a 15.4-year absolute NNN lease with a franchisee tenant, expiring March 30, 2040. The lease includes 1.5% annual rent bumps, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $120,000, resulting in a compelling 6.25% cap rate. Built in 2023, this strategically located establishment enjoys high visibility along a major retail corridor with daily traffic exceeding 17,000 vehicles and proximity to Interstate-40 (31,000+ vehicles per day). Its advantageous location near Oklahoma Baptist University, Shawnee Mall, SSM Health St. Anthony Hospital Shawnee, Shawnee Regional Airport, and numerous national retailers ensures a robust customer base. The property's proximity to Bison Field at Ford Park further enhances its appeal. This is a rare chance to acquire a high-performing asset in a thriving market with a long-term, secure lease. The largest franchisee in the HTeaO system, a rapidly expanding iced tea operator, occupies the space.

Highlights

  • $1,920,000 asking price for a 2,527 SF retail property.
  • Absolute NNN net lease with a 6.25% cap rate and $120,000 NOI.
  • 15.4-year remaining lease term (expiring 03/30/2040) with 1.5% annual rent bumps.
  • HTeaO franchisee tenant in a brand-new (2023) building with a dual drive-thru.
  • Located on a major retail corridor with over 17,000 vehicles daily, minutes from I-40.
  • Strong tenant: Largest HTeaO franchisee, a rapidly growing iced tea company.

Property Details for 3304 Kickapoo Ave

Property type
Retail properties, Restaurants
Square Feet
2,527 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Shawnee
County
Pottawatomie
State
Oklahoma
Latitude
35.3651144
Longitude
-96.9302236

FAQs

What type of property is this?
Retail property - Profitable NNN Lease, High-Traffic Location
Where is the retail property located?
The property is located at 3304 Kickapoo Ave Shawnee, OK.
What is the asking price?
The asking price for this property is $1,920,000.
What are key features of this property?
This property features: $1,920,000 asking price for a 2,527 SF retail property.; Absolute NNN net lease with a 6.25% cap rate and $120,000 NOI.; 15.4-year remaining lease term (expiring 03/30/2040) with 1.5% annual rent bumps.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3304 Kickapoo Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message