Cap Rate: 4.50%
Net Operating Income: $121,188
Square Footage: 2,590
Year Built: 2021
The Kase Group is pleased to present the rare opportunity to acquire an absolute NNN Wendy’s in Chickasha, OK. The long-term lease features 10% increases every 5 years in the initial term and during the option terms and is absolute NNN with zero landlord responsibilities. This is a brand new location subject to a 20 year lease.
The site benefits from the incredible growth of the area with multiple new construction retailers including: Burger King, Starbucks, McDonald’s, Taco Bell, Jersey Mike’s, and many more.
Chickasha is a city in and the county seat of Grady County, Oklahoma, United States. The population was 16,337 at the 2019 census. Chickasha is home to the University of Science and Arts of Oklahoma. The city is named for and strongly connected to Native American heritage, as “Chickasha” (Chikashsha) is the Choctaw word for Chickasaw.
Chickasha is served by Interstate 44, US Route 62, US Route 81, US Route 277, US Route 62, State 39, State 19, and State 92.