Investment Highlights

CORPORATE GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» New 20-year NNN lease with no landlord responsibilities
» 10% rental increases every five years, providing an excellent hedge against inflation
» Corporate lease to Del Taco (NASDAQ: “TACO”), the second largest Mexican-American quick service restaurant chain by units in the United States

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 51,500 vehicles per day directly in front of the property on Northwest Expressway
» Surrounded by large shopping centers featuring major national retailers, including Target, Walmart Supercenter, Lowe’s, Sam’s Club, Home Depot, Hobby Lobby, Ace Hardware, Ross, PetSmart, Aldi, and many more

FULL MOVEMENT SITE – IRREPLACEABLE INFILL LOCATION
» Rare full movement site along Northwest Expressway (right-in/right-out and left-in/left-out)
» Large customer base, with 188,278 residents within five miles of the property
» Across from Wiley Post Airport, the designated reliever airport for Will Rogers World Airport, Oklahoma City’s primary airport
» Minutes from two major hospitals: INTEGRIS Baptist Medical Center (511 beds) and AllianceHealth Deaconess (291 beds)
» Close to several schools, including Hefner Middle School, with 1,042 students
» Near Lake Hefner, a popular recreational area which is visited by one million people per year

NEW 2018 CONSTRUCTION
» New 2018 construction featuring dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Built by tenant at tenant’s expense, demonstrating long-term commitment to the location

Click Here to Download Offering Memorandum

Property Description

SOLD
The property is located on Northwest Expressway, with excellent visibility and access to 51,500 vehicles per day directly in front of the property. The rare full movement site along Northwest Expressway offers customers ease of access (right-in/right-out and left-in/left-out) to the property. Within walking distance of the property, North May Avenue intersects with North Rockwell Avenue, a busy thoroughfare with a traffic volume of 22,702 vehicles per day. Located in a dense retail corridor, the property is close to several large shopping centers and major national retailers. Retail centers within the property’s immediate vicinity include Rockwell Northwest, anchored by Hobby Lobby; Market Plaza, tenanted by Aldi and Ace Hardware; and Rockwell Plaza, featuring Target and PetSmart. Other notable retailers in the area include Walmart Supercenter, Sam’s Club, Home Depot, Verizon, Chuck E. Cheese’s, AutoZone, CVS, and several car dealerships.

The property is located less than ten miles from downtown Oklahoma City and is across from Wiley Post Airport, the designated reliever airport for Will Rogers World Airport. Two major hospitals—INTEGRIS Baptist Medical Center (511 beds) and AllianceHealth Deaconess (291 beds)—are located just minutes from the property, as are a number of schools, including Hefner Middle School, with 1,042 students. The property is also a short distance from Lake Hefner, a popular recreational destination that is visited by nearly one million people per year. Additionally, the property is supported by a large customer base in the surrounding area, with 188,278 people living within a five-mile radius of the property.