6825 Southeast 29th Street, Midwest City, OK, 73110

Highlights

• Absolute NNN
• Zero Landlord Responsibilities
• 3 + Years Remaining on Lease
• Newly-Renovated Restaurant
• Sublease with Surf Bar
• North of Tinker Airforce Base - employing 26,694 workers

Description

Price Edwards & Co is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, Surf Bar investment property located in Midwest City, Oklahoma (Oklahoma City MSA). The tenant, Johnnie’s Group, LLC, has over 3 years remaining on its current lease term. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Jones Boys Enterprise, LLC (dba Surf Bar) currently occupies the building as a subtenant, paying monthly rent in the amount of $9,047 from 8/1/2022 to 11/30/2028.

The property is ideally situated within a dense retail corridor featuring national/credit tenants including Target, Lowe’s, Sam’s Club, Walmart Supercenter, Home Depot, and many more. The surrounding 5-mile trade area boasts a population of over 120,000 residents and 48,550 employees.