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4603-4605 N Kickapoo Ave

3,968 SF Retail Building Shawnee, OK 74804 $3,778,278 CAD ($952 CAD/SF) 5.51% Cap Rate

Investment Highlights

  • 17 years remaining on the lease to the largest McAlister’s Deli Franchisee
  • Minutes from Saint Anthony Hospital Shawnee (102-beds, 610 employees), Oklahoma Baptist University (1,900 students), and the Heart of Oklahoma Center
  • Immediate access to US I-40 (32,692 VPD) via North Kickapoo Avenue (16,590 VPD)
  • Surrounded by several national retailers and located one mile from Shawnee Mall (455,420 SF of retail space, 60 stores)

Executive Summary

Absolute NNN with scheduled rental increases. Leased to The Saxton Group, the largest McAlister’s Deli franchisee, with over 80 McAlister’s Deli locations and $2.66 billion in sales since 1999, or over $350 million in sales annually. 17 years remaining on 20-year initial term, plus two five-year options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,968 SF
Building Class
B
Year Built
2008
Price
$3,778,278 CAD
Price Per SF
$952 CAD
Cap Rate
5.51%
NOI
$208,333 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.10 AC
Opportunity Zone
Yes
Zoning
C-3
Parking
71 Spaces (17.89 Spaces per 1,000 SF Leased)
Frontage
149 ft on Kickapoo Ave

Amenities

  • Pylon Sign

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Oct 2023

Nearly three decades ago, a dentist from Oxford, Mississippi had a vision to turn an abandoned movie-set diner into a small, yet charming, neighborhood restaurant and gathering place. That vision became a reality when the first McAlister’s opened its doors in 1989. The menu then would still feel familiar today, packed with crave able sandwiches, spuds, and salads - and of course, their famous McAlister’s Sweet Tea. Not only has the menu remained true to its roots, so have the values. Today, they have restaurants throughout the United States, the brand remains dedicated to serving great food with genuine hospitality. Customers are invited to come for the food and stay for the experience. They can bring family, meet neighbors, celebrate big wins with teammates, or make new friends that share the same love for sweet tea and sandwiches – because at McAlister’s, the table is always theirs.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Accommodation and Food Services - - Oct 2023

Nearby Major Retailers

Mazzio's
Starbucks
IHOP
Cracker Barrel Old Country Store
ALDI
Red Lobster
Taco Bueno
Chili's
Santa Fe Cattle Company
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
000031011004003214
Land Assessment
$143,453 CAD
Improvements Assessment
$120,626 CAD
Total Assessment
$264,078 CAD
  • Listing ID: 30858028

  • Date on Market: 2024-02-02

  • Last Updated:

  • Address: 4603-4605 N Kickapoo Ave, Shawnee, OK 74804

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