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Re-Priced Donato's Pizza and Mo' Bettah 1140-1148 S Bryant Ave 5,300 SF Retail Building Edmond, OK 73034 $3,178,462 ($599.71/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Mo’ Bettahs – Top 2% Nationally
- Passive Ownership and Corporate Credits
- Adding Third Entru Lane
- Donato’s Pizza – Top 8% Nationally
- Outstanding Demographics
- Located in the Wealthiest City in Oklahoma
EXECUTIVE SUMMARY
HMX Realty Advisors exclusively presents for sale a freestanding building with two of the top performing tenants within their respective chains. The property represents a compelling infill investment opportunity which combines irreplaceable real estate located in the state's most affluent market.
The city of Edmond boasts an exceptional average household income of $142,597, providing a robust and stable customer base that has driven the exceptional success of the tenants. This established success, combined with the convenience of two drive-thrus ensures strong tenant stability and proven customer volume.
Both tenants have new 10-year leases with a 10% rent escalation every 5-years in the base term and options. Mo' Bettahs is a corporate lease, while Donato's Pizza is personally guaranteed by strong, multi-unit franchisee. The seller offers an optional, turn-key arrangement where they will continue to manage the property and bill tenants directly for CAM. This gives the investment passive real estate income in a fully developed, wealthy market.
The city of Edmond boasts an exceptional average household income of $142,597, providing a robust and stable customer base that has driven the exceptional success of the tenants. This established success, combined with the convenience of two drive-thrus ensures strong tenant stability and proven customer volume.
Both tenants have new 10-year leases with a 10% rent escalation every 5-years in the base term and options. Mo' Bettahs is a corporate lease, while Donato's Pizza is personally guaranteed by strong, multi-unit franchisee. The seller offers an optional, turn-key arrangement where they will continue to manage the property and bill tenants directly for CAM. This gives the investment passive real estate income in a fully developed, wealthy market.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,300 SF
Building Class
B
Year Built
2023
Price
$3,178,462
Price Per SF
$599.71
Cap Rate
6.50%
NOI
$206,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.17 AC
Frontage
218’ on South Bryant Avenue
AMENITIES
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Donato's Pizza
- Accommodation and Food Services
- 2,500 SF
- -
- Triple Net
- Aug 2033
-
- Accommodation and Food Services
- 2,800 SF
- -
- Triple Net
- Feb 2033
Mo’ Bettahs is an authentic Hawaiian island barbeque experience. Founded in Bountiful, Utah, in 2008 by Kimo and Kalani Mack, Mo’ Bettahs dishes up the same plate lunch recipes the Mack brothers enjoyed while growing up on Oahu, Hawaii: grilled teriyaki chicken and steak, kalua pig, deep-fried katsu chicken, homemade macaroni salad, steamed rice, and Spam Musubi.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Donato's Pizza | Accommodation and Food Services | 2,500 SF | - | Triple Net | Aug 2033 | |
|
|
Accommodation and Food Services | 2,800 SF | - | Triple Net | Feb 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 219011000 | Improvements Assessment | $96,115 |
| Land Assessment | $44,382 | Total Assessment | $140,497 |
PROPERTY TAXES
Parcel Number
219011000
Land Assessment
$44,382
Improvements Assessment
$96,115
Total Assessment
$140,497
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Re-Priced Donato's Pizza and Mo' Bettah | 1140-1148 S Bryant Ave
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