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SONIC 905 W Willow Rd

1,806 SF Retail Building Enid, OK 73701 £735,384 (£407/SF) 8% Net Initial Yield

Investment Highlights

  • The current lease is Absolute NNN which means the tenant is responsible for taxes, insurance, CAM, and maintenance
  • Strong Operating History – This location boasts a strong operating history, supported by a very healthy rent-to-sales ratio.
  • Brand Initiative – Inspire Brands, the parent company of Sonic Drive-In, Dunkin’ Donuts, Arby’s, Baskin-Robbins, Buffalo Wild Wings, and Jimmy John’s
  • Corporate Guarantee – The lease is backed by Sonic’s corporate guarantee, ensuring financial security.
  • National Tenant – Sonic, the largest drive-in restaurant chain in America with over 3,500 locations nationwide, is a highly reliable tenant.
  • Ideal Location – Enid, OK, with its central location, growing population, car-centric culture, and strong community ties, presents an ideal market

Executive Summary

Broker of Record
Kyle Matthews
License No. 180759 (OK)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,806 SF
Building Class
B
Year Built
1991
Price
£735,384
Price Per SF
£407
Net Initial Yield
8%
NOI
£58,831
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
0.66 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-6 - Commercial
Frontage
50 ft on W Willow Rd

Amenities

  • Corner Lot

Links

1 of 1

PROPERTY TAXES

Parcel Number 0000-06-22N-06W-2-353-00 Improvements Assessment £21,120
Land Assessment £10,667 Total Assessment £31,787

PROPERTY TAXES

Parcel Number
0000-06-22N-06W-2-353-00
Land Assessment
£10,667
Improvements Assessment
£21,120
Total Assessment
£31,787
(858) 351-4027

  • Listing ID: 34069538

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 905 W Willow Rd, Enid, OK 73701

The Retail Property at 905 W Willow Rd, Enid, OK 73701 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

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905 W Willow Rd, Enid, OK for sale Primary Photo- Image 1 of 4
Sonic - Hero 1 wm
905 W Willow Rd, Enid, OK for sale Building Photo- Image 2 of 4
Sonic - Hero 2 wm
905 W Willow Rd, Enid, OK for sale Building Photo- Image 3 of 4
Sonic - Map 1 wm

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SONIC | 905 W Willow Rd

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Brendan Tyoran

(858) 351-4027

(858) 351-4027

Jake Linsky

(602) 975-0804

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