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KFC

Norman, Oklahoma

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NNN Pro Group is pleased to present the exclusive listing for an KFC located at 1801 W Lindsey St in Norman, OK. The site consists of roughly 3,052 rentable square feet of building space on estimated 1.08-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $88,660 and is scheduled to increase by 1.50% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

NNN Pro Group is pleased to present the exclusive listing for an KFC located at 1801 W Lindsey St in Norman, OK. The site consists of roughly 3,052 rentable square feet of building space on estimated 1.08-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $88,660 and is scheduled to increase by 1.50% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

Key Details

Price:
$1,453,443
Cap Rate:
6.10%
Annual Rent:
$88,660
Address:
1801 W Lindsey St, Norman, Oklahoma 73069
Property Type:
Retail - Restaurant - Quick Service
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
1.50% Annually Starting in Year 6
Lot Size:
+/- 1.08 Acres
Building Size:
0 SF
Year Built:
1999
Year Renovated:
2019
Tenant:
KFC

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Russell Wachtler

License: 10401294048

Edward DeMatteis

Broker of record

Brian Brockman

Bang Realty-Oklahoma, Inc.

License: 177814


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