414 21St StGuymon, OK 73942

Property Details for 414 21St St

Year built

2017

Property size (Sq ft)

1,872 SF

Property type

Drive through restaurants

APN

700003009

APU

700003009

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located at 414 NW 21st St, Guymon, Oklahoma, 73942. The property boasts a strong location within a thriving retail corridor, offering significant potential for long-term passive income. Built in 2017, this 2,003 square foot building sits on a 0.36-acre lot and features a convenient drive-thru. The property is currently 100% occupied by a national credit tenant, Pizza Hut, under a 15-year lease with annual rent increases of 1.50%. The asking price is $1,629,000, representing a price per square foot of $813.28 and a compelling 6.25% cap rate. The current Net Operating Income (NOI) stands at $101,826. This is a one-story building offering a secure, low-maintenance investment with a proven track record. The lease structure minimizes landlord responsibilities, making it an ideal addition to any diversified real estate portfolio. The property's prime location and established tenant ensure consistent cash flow and long-term value appreciation. This is a rare opportunity to acquire a high-performing, passively managed commercial property in a stable market. Don't miss out on this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $382,192

  6.5%

  $352,793

  7%

  $327,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $405,497

  Geo Method

  $567,602

• Alternative Use

  Use

  Valuation

  Residential

  $297,594

  Hospitality

  $272,594

  Educational

  $226,795

  Medical

  $234,595

  Retail

  $352,793

Location Insight

City

Guymon

County

Texas

State

Oklahoma

Latitude

36.7014

Longitude

-101.486

CBSA code

25100

CBSA name

GUYMON, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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