Vacant Hooters Sonic Drivethru Absolute Net Lease… — Sale in Oklahoma City, OK

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Oklahoma City, OK 73112

Description

Marcus & Millichap is pleased to bring to market a Vacant Hooters and Sonic Drive-Thru located in Oklahoma, OK. Investment Highlights: • SONIC RESTAURANT AND VACANT HOOTERS PROPERTY FOR LEASE ON SEPARATE PARCELS: Sonic has operated at this location since 2000 and was recently remodeled in 2024 • SHORT-TERM LEASE REMAINING: Sonic has 3 years remaining on an absolute net lease with five, 1-year renewal options and 3% increases in each option. • ADDITIONAL INCOME FROM BILLBOARD LEASE: Billboard located on Sonic parcel generates additional annual income with just under 5 years remaining on billboard ground lease. • ABSOLUTE NET LEASE: No landlord responsibilities. Tenant is responsible for everything including roof and structure. Lease is corporately guaranteed by Sonic. • FORMER HOOTERS AVAILABLE FOR LEASE UP: Property was built in 2004 with high visibility, pylon sign and large parking lot with easy access from all traffic directions. Contact broker for details. • HIGH-TRAFFIC CORRIDOR: Situated on Northwest Expressway near the N May Ave intersection seeing a combined 64,500 vehicles per day. • LOCATED IN A EXTREMELY DENSE REGIONAL HOTEL, RETAIL & OFFICE CORRIDOR: Located near multiple national retail tenants such as Home Depot, Target, Dave and Buster's, Best Buy, Residence Inn, Embassy Suites, Hampton Inn, Holiday Inn, Hilton Garden, Chipotle, AT&T, Walgreens, and More. Directly adjacent to Union Plaza, a large 250,000 square foot class A office tower and near Integris Health Baptist Medical Center, a major 500 bed hospital campus. • STRATEGIC REGIONAL CONNECTIVITY: Located 9 miles from downtown Oklahoma City, 1.5 miles from Penn Square Mall and 7 miles from Lake Hefner with easy access to I nterstate 44 and Interstate 235.

Market Context

This retail in Oklahoma City, OK is listed for sale. It has been on the market for 99 days. Compare it against other retail listings for sale in Oklahoma City, OK — view the full market.

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