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Salad and Go Ground Lease, Del City, OK

Salad and Go Ground Lease

Del City, Oklahoma

Price $1,273,000
Cap Rate 5.50%
NOI $70,000
Lease Term 20 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 2022
Building Size 813 SF
Lot Size ±0.56 Acres (24,712 SF)
Status Available
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

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

Investment Highlights

20-YEAR ABSOLUTE NNN GROUND LEASE
» New 20-year absolute NNN ground lease to strong tenant
» Landlord has no maintenance, replacement, or repair obligations
» 10% rental increases every five years, providing a hedge against inflation
» Ideal investment opportunity for an out-of-area investor
» New high-quality 2022 construction featuring dedicated drive-thru for added customer convenience

PROMINENT HIGH-VISIBILITY LOCATION NEAR STRONG TRAFFIC DRIVERS
» Hard-corner location on Southeast 15th Street and South Sooner Road with access to 44,105 vehicles per day near the signalized intersection
» Excellent visibility and access to 86,800 vehicles per day along Interstate 40
» Walmart Supercenter outparcel with cross access and surrounded by other notable tenants such as The Home Depot, Harbor Freight, Burlington, Academy Sports + Outdoors, Chick-fil-A, Dutch Bros Coffee, Starbucks, and numerous more
» The Walmart is in the 90th percentile nationwide, according to Placer.ai
» Walking distance from ten hotels with over 900 guestrooms, providing a nearby customer base for the site
» Less than one mile from Rose State College (120-acre campus with over 7,000 students) and the Reed Conference Center (20,000-SF event space)
» Near well-attended schools including Del City High School (1,277 students), Del City Middle School (547 students), and Del City Elementary School (627 students)

ROBUST DEMOGRAPHICS WITH PROXIMITY TO POPULOUS OKLAHOMA CITIES
» 133,747 residents live within five miles of the property
» Gateway to Midwest City (58,409 residents) and Oklahoma City (687,725 residents), the state capital and most populous city in Oklahoma
» 15 miles from Will Rogers World Airport (over 3.6 million annual passengers)
» 2.1 miles from Tinker Air Force Base (more than 26,000 military and civilian employees)
» Tinker Air Force Base is the largest single-site employer in Oklahoma with an annual statewide economic impact of $3.51 billion, creating an estimated 33,000 secondary jobs


Property Description

» Salad and Go is located on the hard corner of South Sooner Road and Southeast 15th Street with access to 44,105 vehicles per day near the signalized intersection. The site offers excellent visibility with access to an additional 86,800 vehicles per day along Interstate 40
» The property is outparcel to Walmart Supercenter in a strong retail corridor and is surrounded by notable tenants such as The Home Depot, Harbor Freight, Burlington, Academy Sports + Outdoors, Regal Theaters, Game Stop, Chick-fil-A, Dutch Bros Coffee, Starbucks, and numerous others
» The property is within walking distance from ten hotels with over 900 guestrooms, providing a nearby customer base for the site
» The site is situated less than a mile from Rose State College (120-acre campus with over 7,000 students), and the Reed Conference Center (20,000 SF event space) and near many well-attended schools including Del City High School (1,277 students), Del City Middle School (547 students), Del City Elementary School (627 students).
» 133,747 residents live within a five-mile radius of the site
» The property is conveniently located 6.1 miles from Oklahoma City (687,725 residents), the most populous city in Oklahoma. Oklahoma City is visited by 7.5 million out-of-town travelers annually who provide an economic impact of $2.3 billion to the local economy
» The site is 2.1 miles from Tinker Air Force Base, home to more than 26,000 military and civilian employees. Tinker Air Force Base is the largest single-site employer in Oklahoma with an annual statewide economic impact of $3.51 billion, creating an estimated 33,000 secondary jobs

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