For Sale
$2,685,000

4605 Kickapoo Ave Shawnee, OK 74804

Shawnee, OK: NNN Leased Restaurant

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 3,968 square foot McAlister's Deli in Shawnee, Oklahoma. The property, built in 2008, is situated on North Kickapoo Avenue, boasting high visibility and convenient access to I-40. Leased to the Saxton Group, the largest McAlister's Deli franchisee with over 80 locations, this single-tenant, net-lease property offers a secure investment with a long-term lease. The 20-year lease commenced January 1, 2021, and includes two five-year options, leaving 16.1 years remaining on the initial term. The lease is an absolute NNN, meaning the tenant is responsible for all taxes, insurance, and maintenance, including the roof, structure, and parking lot. Scheduled rental increases provide consistent income growth. The property benefits from a strong location near Saint Anthony Hospital Shawnee, Oklahoma Baptist University, the Heart of Oklahoma Exposition Center, and numerous national retailers, including proximity to Shawnee Mall. The current annual net operating income (NOI) is $141,000, resulting in a 5.5% cap rate (effective 12/31/2025

Highlights

  • 3,968 SF McAlister's Deli in Shawnee, OK, built in 2008.
  • Leased to Saxton Group, the largest McAlister's franchisee, with over 80 locations.
  • Absolute NNN lease; tenant responsible for all taxes, insurance, and maintenance.
  • 17 years remaining on the 20-year initial lease term, plus two 5-year options.
  • High-visibility location on North Kickapoo Ave, with convenient access to I-40.
  • Strong location near Saint Anthony Hospital, Oklahoma Baptist University, and the Heart of Oklahoma Exposition Center, plus proximity to Shawnee Mall.

Property Details for 4605 Kickapoo Ave

Property type
Retail properties, Restaurants
Square Feet
3,968 SF
Year Built
2008
Buildings
1
Stories
1

Location Insight

City
Shawnee
County
Pottawatomie
State
Oklahoma
Latitude
35.377331140706
Longitude
-96.929727691015

FAQs

What type of property is this?
Retail property - Shawnee, OK: NNN Leased Restaurant
Where is the retail property located?
The property is located at 4605 Kickapoo Ave Shawnee, OK.
What is the asking price?
The asking price for this property is $2,685,000.
What are key features of this property?
This property features: 3,968 SF McAlister's Deli in Shawnee, OK, built in 2008.; Leased to Saxton Group, the largest McAlister's franchisee, with over 80 locations.; Absolute NNN lease; tenant responsible for all taxes, insurance, and maintenance.
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].
4605 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