x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Bubba’s 33 Ground Lease – Texas Roadhouse, Inc., Oklahoma City, OK

Bubba’s 33 Ground Lease – Texas Roadhouse, Inc.

Price $2,667,000
Cap Rate 5.25%
NOI $140,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2019
Building Size 7,199 SF
Lot Size 1.05 Acres (45,860 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

15-YEAR ABSOLUTE NNN CORPORATE GUARANTEED GROUND LEASE
» Lease executed by Texas Roadhouse, Inc. (NASDAQ: “TXRH”)
» Absolute NNN ground lease with no landlord management, providing an ideal investment for an out-of-area investor
» 10% rental increases every five years and in option periods

IRREPLACEABLE INFILL LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located on South West 3rd Street, a frontage road for U.S. Interstate 40, with excellent visibility and access to 104,129 vehicles per day via South Macarthur Boulevard with 25,281 AADT
» Prominent location in the heart of Westgate Marketplace, one of Oklahoma’s premier retail shopping centers anchored by Walmart Supercenter and Hobby Lobby
» Surrounded by notable tenants such as Best Buy, PetSmart, McDonalds, Starbucks, Chickfil- A, Ross, Texas Roadhouse, and Office Depot

DENSELY POPULATED AREA WITH ROBUST DEMOGRAPHICS
» 170,750 residents within five miles of the property
» 15 minutes from Downtown Oklahoma City and Chesapeake Energy Arena home of the NBA’s Oklahoma Thunder, which has18,000 seats
» Short distance from Will Rogers World Airport, serving 3.6 million passengers annually
» Close to several schools, including Oklahoma State University, with 7,700+ students
» Five miles from The National Stock Yards, the world’s largest feeder and stocker cattle market




Property Description

The property is conveniently located on Southwest 3rd Street, a frontage road for U.S. Interstate 40, the main eastwest thoroughfare for Oklahoma City, with excellent visibility and access to 104,129 vehicles per day. The property is immediately west of the interchange between U.S. Interstate 40 and South MacArthur Boulevard, which experiences a high traffic volume of 25,841 vehicles per day. Located in a dense retail corridor, the property is centrally located in Westgate Marketplace, one of Oklahoma’s premier retail shopping centers anchored by Walmart Supercenter and Hobby Lobby and featuring notable tenants like Best Buy, PetSmart, McDonalds, Starbucks, Chick-fil-A, Ross, Texas Roadhouse, Office Depot, and many more.

The property is centrally located near large schools and major employers. Oklahoma State University, one of the state’s largest institutions, is located approximately three (3) miles from the property and has 7,700+ students. The National Stock Yards, the world’s largest feeder and stocker cattle market having had 102,000,000 head of livestock pass through is within minutes of the property. The site is also minutes from Downtown Oklahoma City and prominently situated on the main route to and from Chesapeake Energy Arena, home of the NBA’s Oklahoma City Thunder, which has 18,000 seats. Visibility is increased by the location’s proximity to Will Rogers World Airport, which serves 3.6 million passengers annually.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link