5008 29Th StOklahoma City, OK 73115

Property Details for 5008 29Th St

Year built

1976

Construction

WOOD FRAME

Lot size

0.89 AC

Property size (Sq ft)

3,680 SF

Property type

Turn key restaurants

APN

21-423-1030

APU

214231030

Description

This exceptional investment opportunity presents a 3,680 square foot freestanding quick-service restaurant (QSR) building situated on a 0.89-acre lot in Oklahoma City, Oklahoma County. The property is located at 5008 SE 29th St, zip code 73115, and benefits from a highly desirable location along a heavily trafficked east-west corridor. Currently occupied by a single tenant under a lease expiring August 31, 2024, this property offers a unique chance to acquire a well-positioned asset significantly below replacement cost. The property's strategic proximity to Tinker Air Force Base, the largest single-site employer in Oklahoma, with 29,605 military personnel, civilians, and dependents, ensures a robust and consistent customer base. Tinker Air Force Base contributes a substantial $5.38 billion annually to the local economy. Furthermore, the property enjoys convenient access to downtown Oklahoma City, the 20th largest city in the United States, located just 7 miles and a 13-minute drive away. The building is equipped with a drive-thru, a key feature for maximizing efficiency and customer convenience in the QSR sector. This property is an ideal investment for those seeking a strong return in a stable and high-growth market. Please note that the current tenant is operating and should not be disturbed.

• CAP approach

  CAP return

  Valuation

  6%

  $865,238

  6.5%

  $798,681

  7%

  $741,633

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,115,800

  Geo Method

  $1,115,800

• Alternative Use

  Use

  Valuation

  Residential

  $673,718

  Hospitality

  $617,122

  Educational

  $513,438

  Medical

  $531,096

  Retail

  $798,681

Location Insight

City

Del City

County

Oklahoma

State

Oklahoma

Latitude

35.4347

Longitude

-97.4275

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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