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Schlotzsky’s, Bartlesville, OK

Schlotzsky’s

OK, USA

Price $2,399,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 1.75% Annual Rental Increases
Year Built 2022
Building Size 2,177 SF
Lot Size 0.91 acres (39,640 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 20-YEAR CORPORATE ABSOLUTE NNN LEASE TO GROWING QSR TENANT
» Guaranteed by Focus Brands, a leading developer of global multi-channel foodservice brands ($3.4 billion in revenue and over 6,000 locations)
» Rare 1.75% annual rental increases throughout entirety of lease
» Schlotzsky’s executed more than 75 deals in 2021 to develop new restaurants in New Mexico, Arizona, Oklahoma, and other target markets across the United States

HIGH-VISIBILITY LOCATION IN POPULOUS AND GROWING OKLAHOMA SUBMARKET
» Located near the signalized, hard corner intersection of U.S. Route 75/Southeast Washington Boulevard and East Frank Phillips Boulevard (34,300 AADT)
» Proximity to major Oklahoma thoroughfares, including U.S. Route 60/South East Adams Boulevard (20,800 AADT)
» Population of 40,739 within a five-mile radius of the location, creating a reliable customer base for the site
» Projected 10 percent average annual household income increase within one mile of the site in the next five years, poising Schlotzsky’s and Bartlesville for significant concurrent growth

CENTRAL LOCATION NEAR LARGE COMMUNITY HUBS
» One half mile from Ascension St. John Jane Phillips Hospital (81 beds, 425 employees)
» Irreplaceable infill location next to Eastland Shopping Center
» Located near several well established local and national retailers, including Walmart Supercenter, Lowe’s, Big Lots, Hobby Lobby, Chick-fil-A, McDonald’s, and many more
» Surrounded by high-density, single family housing developments and large townhouse complexes

NEW 2022 CONSTRUCTION
» New 2022 construction featuring Scholtzsky’s latest prototype
» Site features a double drive-thru for added customer convenience


Property Description

SOLD
This Schlotzsky’s is located near the signalized, hard corner intersection of U.S. Route 75/Southeast Washington Boulevard and East Frank Phillips Boulevard (34,300 AADT). The location maintains proximity to major Oklahoma thoroughfares, including U.S. Route 60/South East Adams Boulevard (20,800 AADT). The site is situated within a densely populated community, with 40,739 residents living within a five-mile radius of the property. The immediate area is also poised for steady growth, with a projected 10 percent average annual household income increase within one mile of the site in the next five years.

Visibility to the property is increased by its central location near large shopping centers and community hubs. The location is one half mile from Ascension St. John Jane Phillips Hospital (81 beds, 425 employees), driving traffic directly to the property. The site features an irreplaceable infill location next to Eastland Shopping Center, attracting crossover shopping to the location as well. Additionally, the property is located near several well-established local and national retailers, including Walmart Supercenter, Lowe’s, Big Lots, Hobby Lobby, Chick-fil-A, McDonald’s, and many more. The location is ideally surrounded by high-density, single family housing developments and large townhouse complexes.

Contact Us About This Property

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