NNN Investment Opportunity | 1800 S Meridian Ave
Oklahoma City, Oklahoma 73108
Located at 1800 S Meridian Ave in Oklahoma City, OK, The Frosted Mug Bar and Grill presents a highly desirable NNN investment opportunity. The property is strategically located at the intersection of SW 15th and S Meridian and offers excellent visibility and exposure along the bustling S Meridian corridor. The building is 6,344 square feet, situated on a 1.72-acre lot. and includes ample parking.
Operating successfully for over 12 years, The Frosted Mug Bar and Grill boasts a solid track record of success. With an annual rent of $192,000 and option term rental increases of 12%, this investment promises attractive returns and the potential for further growth.
The lease structure is NNN, placing the responsibility for structural maintenance, roof repairs, parking lot upkeep, HVAC, and plumbing on the tenant. This arrangement ensures minimal management obligations for the investor, offering a truly hassle-free investment opportunity.
The Frosted Mug Bar and Grill has demonstrated its profitability, with impressive revenue exceeding $2 million in 2022. This established success serves as a testament to the viability and enduring appeal of this thriving establishment.
- Building Size: 6,344 square feet
- Lot Size: 1.72 acres
- Lease Type: NNN (Triple Net Lease)
- Annual Rent: $192,000
- Lease Structure: Option term rental increases of 12%
- Revenue: Revenue exceeding $2 million in 2022