November 23, 2020 – Brian Ahrens of Horvath & Tremblay has successfully completed the sale of Schlotzsky’s in Oklahoma City, OK. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,942,647.
Schlotzsky’s is located 8425 N Rockwell Avenue in Oklahoma City, OK. The stand-alone building consists of 3,230 square feet and sits on 0.56 acres of land. Schlotzsky’s has been at this location since 2000 and has 10+ years remaining on a corporately backed, Triple-Net Lease with two (2), 5-Year Options. The lease features scheduled rent increases every five years throughout both the current term and the option periods. Schlotzsky’s is strategically positioned as an outparcel to Rockwell Plaza, a regional shopping center anchored by a high-volume Target. The property benefits from excellent visibility and is situated adjacent to the highly traversed intersection of N Rockwell Avenue and Northwest Expressway. Combined the two roads bring more than 72,000 vehicles per day.
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.