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Whataburger - Ada, OK 1501 Country Club Blvd

2,867 SF Retail Building Ada, OK 74820 £3,380,184 (£1,179/SF) 6.25% Net Initial Yield

Investment Highlights

  • Prime location: Less than a mile from major national retailers including Walmart Supercenter (directly behind), ALDI, McDonald's, Hobby Lobby, etc.
  • Close to hotels: Within 2 miles of key accommodations: Hampton Inn & Suites (76 rooms), Holiday Inn Express & Suites (84 rooms), etc.
  • Vibe Restaurants operates 130+ quick-service locations across multiple states, partnering with leading brands like Whataburger, Little Caesars, etc.
  • Convenient proximity: Across from Ada Gaming Center (360 gaming machines), 1.2 miles from East Central University (3,500 students).
  • Large national footprint: Whataburger has over 900 locations in 14 states, making it a well-known brand in the fast-food market.

Executive Summary

Brand new Whataburger in Ada, OK, featuring a 20-year lease with built-in 10% rent increases every 5 years, providing steady revenue growth over time. The lease also includes four 5-year renewal options, offering flexibility and long-term investment potential. The property is currently under construction, with completion slated for November 2024, making it a brand-new facility in a growing location. This is a prime opportunity to secure a high-quality tenant with a solid lease structure in place for years to come.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,867 SF
Building Class
C
Year Built
2002
Price
£3,380,184
Price Per SF
£1,179
Net Initial Yield
6.25%
NOI
£211,262
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.10 AC

Nearby Major Retailers

Santa Fe Cattle Co.
ALDI
Simmons Bank
ColorTyme
Mazzio's
RibCrib
Chili's Grill & Bar
Scooter's Coffee
First United Bank And Trust Company
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0525-27-004-006-0-056-00
Land Assessment
£20,187
Improvements Assessment
£28,534
Total Assessment
£48,722
  • Listing ID: 33550137

  • Date on Market: 17/10/2024

  • Last Updated:

  • Address: 1501 Country Club Blvd, Ada, OK 74820

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