0 Oklahoma BlvdAlva, OK 73717

For Sale
$1,752,000

High-yield Pizza Hut, I-64 location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located in Alva, Oklahoma. Situated on a 1.03-acre lot at 3718 square feet, this property boasts a strong location on I-64, benefiting from high visibility and traffic. The building, constructed in 1979, is currently 100% occupied by a franchisee tenant under a lease with 14.7 years remaining. The lease includes attractive 1.50% annual rent increases, ensuring consistent income growth. The property offers a compelling cap rate of 6.25% with a current Net Operating Income (NOI) of $109,478 and an asking price of $1,752,000 ($471.22 per square foot). This is a rare chance to acquire a stable, high-performing asset in a desirable location with the potential for lease extension. The property's strong national credit tenant and long-term lease provide significant security and predictable cash flow. This is an ideal addition to any diversified investment portfolio seeking consistent returns and long-term growth potential. The property is categorized as QSR/Fast Food and Restaurant. The single-story building is situated in Woods County, Oklahoma, with the address being E Oklahoma Blvd, Alva, OK 73717.

Highlights

  • High-profile location with strong national tenant base.
  • Excellent highway visibility and accessibility via I-64.
  • Lease extension options available.
  • Built-in annual rent escalations.
  • Significant lease term remaining (14+ years).

Property Details for 0 Oklahoma Blvd

Property type
Other retail properties, Restaurants
Square Feet
3,718 SF
Year Built
1979
Buildings
1
Stories
1
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Alva
County
Woods
State
Oklahoma
Latitude
36.7975268
Longitude
-98.6302858
Oklahoma Blvd, Alva, Oklahoma

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0 Oklahoma Blvd
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