Retail Business for Sale in Vacant Hooters & Sonic Drive-Thru | Absolute Net Lease | Oklahoma City, OK

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Vacant Hooters & Sonic Drive-Thru | Absolute Net Lease | Oklahoma City, OK 73112

Description

Marcus & Millichap is pleased to bring to market a Vacant Hooters and Sonic Drive-Thru located in Oklahoma, OK. Investment Highlights: • SONIC RESTAURANT AND VACANT HOOTERS PROPERTY FOR LEASE ON SEPARATE PARCELS: Sonic has operated at this location since 2000 and was recently remodeled in 2024 • SHORT-TERM LEASE REMAINING: Sonic has 3 years remaining on an absolute net lease with five, 1-year renewal options and 3% increases in each option. • ADDITIONAL INCOME FROM BILLBOARD LEASE: Billboard located on Sonic parcel generates additional annual income with just under 5 years remaining on billboard ground lease. • ABSOLUTE NET LEASE: No landlord responsibilities. Tenant is responsible for everything including roof and structure. Lease is corporately guaranteed by Sonic. • FORMER HOOTERS AVAILABLE FOR LEASE UP: Property was built in 2004 with high visibility, pylon sign and large parking lot with easy access from all traffic directions. Contact broker for details. • HIGH-TRAFFIC CORRIDOR: Situated on Northwest Expressway near the N May Ave intersection seeing a combined 64,500 vehicles per day. • LOCATED IN A EXTREMELY DENSE REGIONAL HOTEL, RETAIL & OFFICE CORRIDOR: Located near multiple national retail tenants such as Home Depot, Target, Dave and Buster's, Best Buy, Residence Inn, Embassy Suites, Hampton Inn, Holiday Inn, Hilton Garden, Chipotle, AT&T, Walgreens, and More. Directly adjacent to Union Plaza, a large 250,000 square foot class A office tower and near Integris Health Baptist Medical Center, a major 500 bed hospital campus. • STRATEGIC REGIONAL CONNECTIVITY: Located 9 miles from downtown Oklahoma City, 1.5 miles from Penn Square Mall and 7 miles from Lake Hefner with easy access to I nterstate 44 and Interstate 235.

Market Context

This retail in Vacant Hooters & Sonic Drive-Thru | Absolute Net Lease | Oklahoma City, OK is listed for sale. It has been on the market for 67 days. Compare it against other retail listings for sale in Vacant Hooters & Sonic Drive-Thru | Absolute Net Lease | Oklahoma City, OK — <a href="/search/sale/retail/oklahoma/vacant-hooters-sonic-drive-thru-absolute-net-lease-oklahoma-city">view the full market</a>.

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