May 31, 2023 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Scooter’s in Shawnee, Oklahoma. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $750,000.
Scooter’s is located 4401 N Kickapoo Avenue in Shawnee, Oklahoma. The new construction stand-alone building consists of 664 square feet and sits on 0.52-acres of land. Scooter’s has 10 years remaining on their Absolute NNN Ground Lease with four (4), 5-Year renewal options. The lease features attractive 10% rent increases every five years throughout both the current term and at the start of each of the renewal option periods. Scooter’s is strategically positioned along Kickapoo Avenue (OK Route 3E), one of the area’s primary commercial and commuter corridors, 0.5-miles from Interstate 40. The Property is located 1.2-miles from Oklahoma Baptist University and the SSM Health St Anthony Hospital. Additionally, the Property is surrounded by area schools and national retailers driving traffic to the area. The Property is 3-miles from downtown Shawnee, and 35-miles from Oklahoma City’s Central Business District.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.