HMX Realty Advisors presents for sale Lots 1 and 2 at the newly constructed Spring Creek Village in affluent Edmond, Oklahoma, part of the thriving Oklahoma City MSA. Edmond is the wealthiest city in Oklahoma with a population over 5,000, boasting an average household income of $142,597 (2023) and a total population of 98,103. This is a passive ownership opportunity as all of the maintenance and CAM billing is handled by the owner of Lot 3.
Lot 1 features a combined Donato's Pizza and Mo' Bettahs. Donato's, with over 175 locations, is renowned for its thin-crust pizza and generous toppings, also featured in over 200 Red Robin Restaurants. This location ranks in the top 9% of all Donato's locations nationwide based on Placer AI visit data.
Mo' Bettahs, a Hawaiian-style restaurant chain, serves authentic island cuisine known for its generous portions and reasonable prices. Their menu includes popular dishes like chicken, steak, pork, and shrimp plates with rice and macaroni salad. According to Placer AI visit data, this location outperforms 85% of similar restaurants within a 50-mile radius and 88% of all restaurants in Oklahoma.
Lot 2 with SWIG and Tropical Smoothie Cafe is adjacent and also for sale. It is priced at a 6.5 cap for $1,741,500. If an investor acquires both lots the cap rate changes to a 6.75 and a price of 4,737,800. See attached flyer.
All of these restaurants are about 1 year old and the visit data from Placer AI puts them as top performers. Lot 1 is the most valuable because it is adjacent to the signalized intersection, thus the 6.25 cap. All of the restaurants have drive-throughs