13500 Rockwell AveOklahoma City, OK 73142

For Sale
$1,416,667
High-growth QSR, strong tenant, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a brand-new, 698 square foot Salad and Go restaurant in Oklahoma City, OK. The property is situated on a 0.59-acre lot and features a 20-year absolute NNN ground lease with four 5-year options, each including a 10% rent increase. The tenant, Salad and Go, is a rapidly expanding fast-casual chain with over 135 locations. This single-tenant property boasts a strong corporate guarantee and a current NOI of $85,000, representing a 6.00% cap rate on the $1,416,667 asking price. The property benefits from its prime location on N Rockwell Ave (14,174 vehicles per day) and near the John Kilpatrick Turnpike (33,715 vehicles per day), providing excellent visibility and accessibility. The surrounding area is characterized by high household incomes (over $124,000 within a 3-mile radius) and a substantial daytime population (over 52,000 within a 3-mile radius), driven by major employers such as Paycom (7,300 employees), Mercy Hospital (4,300+ employees), and Oklahoma Heart Hospital (2,500+ employees). The property is also conveniently located near Francis Tuttle's Rockwell campus and within a thriving retail corridor featuring recently developed national tenants, including Chick-fil-A, 7-Eleven, Starbucks, and others. A planned Walmart Supercenter development further enhances the long-term prospects of this investment. Built in 2024, this property offers a secure, low-maintenance investment with significant upside potential.

Highlights

  • Low-maintenance, absolute NNN ground lease with zero landlord responsibilities.
  • Adjacent to a planned Walmart Supercenter.
  • Strong retail location near Chick-fil-A, 7-Eleven, Starbucks, and other national tenants.
  • High-traffic location on N Rockwell Ave (14,000+ VPD) and near the John Kilpatrick Turnpike (33,000+ VPD).
  • Five minutes from Paycom's headquarters (7,300 employees).
  • Three miles from Mercy Hospital (4,300+ employees) and Oklahoma Heart Hospital (2,500+ employees).

Property Details for 13500 Rockwell Ave

Property type
Retail properties
Square Feet
698 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
25,700 SF
Units
1

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.6060448
Longitude
-97.6380356
13500 Rockwell Ave, Oklahoma City, Oklahoma

FAQs

What type of property is this?
Retail property - High-growth QSR, strong tenant, excellent location.
Where is the retail property located?
The property is located at 13500 Rockwell Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,416,667.
What are key features of this property?
This property features: Low-maintenance, absolute NNN ground lease with zero landlord responsibilities.; Adjacent to a planned Walmart Supercenter.; Strong retail location near Chick-fil-A, 7-Eleven, Starbucks, and other national tenants.
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.
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13500 Rockwell Ave
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