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4603-4605 N Kickapoo Ave

3,968 SF Retail Building Shawnee, OK 74804 $2,685,000 USD ($677 USD/SF) 5.51% Cap Rate

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Investment Highlights

17 years remaining on the lease to the largest McAlister’s Deli Franchisee
Minutes from Saint Anthony Hospital Shawnee (102-beds, 610 employees), Oklahoma Baptist University (1,900 students), and the Heart of Oklahoma Center

Immediate access to US I-40 (32,692 VPD) via North Kickapoo Avenue (16,590 VPD)
Surrounded by several national retailers and located one mile from Shawnee Mall (455,420 SF of retail space, 60 stores)

Executive Summary

Absolute NNN with scheduled rental increases. Leased to The Saxton Group, the largest McAlister’s Deli franchisee, with over 80 McAlister’s Deli locations and $2.66 billion in sales since 1999, or over $350 million in sales annually. 17 years remaining on 20-year initial term, plus two five-year options.

4605 N Kickapoo Ave - McAlisters Deli OM

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

3,968 SF

Building Class

Year Built

2008

Price

$2,685,000 USD

Price Per SF

$677 USD

Cap Rate

5.51%

NOI

$148,050 USD

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

1.10 AC

Opportunity Zone

Yes

Zoning

C-3

Parking

71 Spaces (17.89 Spaces per 1,000 SF Leased)

Frontage

149 FT on Kickapoo Ave

Amenities

Pylon Sign

MAJOR TENANTS

Accommodation and Food Services
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Oct 2023

Nearly three decades ago, a dentist from Oxford, Mississippi had a vision to turn an abandoned movie-set diner into a small, yet charming, neighborhood restaurant and gathering place. That vision became a reality when the first McAlister’s opened its doors in 1989. The menu then would still feel familiar today, packed with crave able sandwiches, spuds, and salads - and of course, their famous McAlister’s Sweet Tea. Not only has the menu remained true to its roots, so have the values. Today, they have restaurants throughout the United States, the brand remains dedicated to serving great food with genuine hospitality. Customers are invited to come for the food and stay for the experience. They can bring family, meet neighbors, celebrate big wins with teammates, or make new friends that share the same love for sweet tea and sandwiches – because at McAlister’s, the table is always theirs.