For Sale
$1,500,000

3801 Adams Rd Bartlesville, OK 74006

High-yield Burger King, NNN Lease, 6+ years remaining

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a freestanding Burger King restaurant in Bartlesville, Oklahoma. The 3,586 square foot property operates under a 20-year Absolute Triple Net (NNN) lease, originally commencing January 1, 2011, and expiring December 31, 2030. Currently, approximately 6.1 years remain on the primary lease term, followed by multiple renewal options (three 5-year terms and one 4-year term). The lease includes a 1.75% annual rent increase, effective January 1st each year, ensuring consistent income growth. The asking price is $1,500,000, representing a compelling $418.29 per square foot and a 6.73% cap rate based on a current Net Operating Income (NOI) of $100,936. The property sits on a 1.25-acre lot at 3801 SE Adams Rd, Bartlesville, OK 74006, benefiting from high visibility and accessibility. The tenant is a Burger King franchisee, providing a strong and recognizable brand presence. This investment offers a stable, long-term income stream with built-in rent escalations and the potential for significant future appreciation. The property's location near major retailers and employers further enhances its appeal and long-term prospects. This is a rare opportunity to acquire a well-established, high-performing fast-food property in a desirable market.

Highlights

  • Freestanding Burger King restaurant, 3,586 square feet, located in Bartlesville, OK.
  • $1,500,000 purchase price, offering a 6.73% cap rate and $100,936 NOI.
  • Absolute NNN lease with approximately 6 years remaining, plus renewal options; rent increases 1.75% annually.
  • 1.25-acre lot.

Property Details for 3801 Adams Rd

Property type
Retail properties
Square Feet
3,586 SF
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Bartlesville
County
Washington
State
Oklahoma
Latitude
36.7447285
Longitude
-95.934387
3801 Adams Rd, Bartlesville, Oklahoma

FAQs

What type of property is this?
Retail property - High-yield Burger King, NNN Lease, 6+ years remaining
Where is the retail property located?
The property is located at 3801 Adams Rd Bartlesville, OK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding Burger King restaurant, 3,586 square feet, located in Bartlesville, OK.; $1,500,000 purchase price, offering a 6.73% cap rate and $100,936 NOI.; Absolute NNN lease with approximately 6 years remaining, plus renewal options; rent increases 1.75% annually.
How can I contact the broker?
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3801 Adams Rd
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