Cap Rate: 6.00%
Net Operating Income: $218,000
Square Footage: 5,345
Year Built: 2018
The Kase Group is pleased to present the opportunity to purchase an absolute NNN leased Johnnie’s Charcoal Broiler in Moore, Oklahoma. The subject property is a 5,345 square feet and new 2018 construction. The property has excellent visibility and access on South Telephone Road and close proximity to Interstate 35, where traffic Counts exceed 126,000 vehicles per day.
There is over two million square feet of retail space situated on the west side of Interstate Highway 35, with an additional 1.5 million square feet of new retail on the east side of the freeway. Located on the southwest quadrant of this trade area in close proximity to the subject site is a diverse concentration of restaurants, retail space and hotels. Nearby retailers include: Home Depot, Starbucks, Chili’s, Chick-Fil-A, Lowe’s Home Improvement Center, Target, Kohl’s, Office Depot, PetSmart, Bed Bath & Beyond, Ross, JC Penny, Sonic, Arby’s, Maurice’s Shoe Carnival, First American Bank, Quizno’s, Burger King, AT&T Wireless, UPS, Best Buy, Walmart Supercenter, and many more.
Moore is a city in Cleveland County, Oklahoma, United States, and is part of the Oklahoma City metropolitan area. The population was 55,081 at the 2010 census, making Moore the seventh- largest city in the state of Oklahoma.
Located between Oklahoma City and Norman, the city has been the site of several devastating tornadoes, with those occurring in 1999 and 2013 receiving international attention.