Dairy Queen for Sale in Broken Arrow, OK
Broken Arrow, OK
Key Investment Metrics
Price
$2,400,000
Cap Rate
6.6%
Net Operating Income
$159,166
Building Size
3247 SF
Remaining Term
21.1 years
Lease Expiration
08/03/2047
Lease Term
25.1 years
Lease Commencement
07/12/2022
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2005
Tenancy
Single
Rent Increases
10% in 2027 and 2% Annually Thereafter
Property overview
Dairy Queen in Broken Arrow
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,247 SF
- Year built
- 2005
- Lease type
- Absolute NNN
- Lease expiration
- 08/03/2047
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.