✖
Salad and Go (GL)
2525 North Kelly Avenue, Edmond, OK 73003
$1,833,000
Cap Rate 6.00%
Summary
| Price $1,833,000 | Built/Renov 2023 | Tenant Salad and Go (GL) |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
585
| Lease Start
12-01-2023
| #Units
103
|
| Price/SF $3,133.33 | Expiration
11-30-2043
| Tenant Type Fast Food/QSR |
| NOI $110,000 | R. Term 19.11 | Ownership Ground Lease |
| Rent/SF
$188.03
| Increases 10.0%/5/yrs | Pop 5Mi 141,779 |
| Lot/AC 0.97 | Options 4/5yrs/10% | AHHI 5Mi $124,538 |
| | |
Lease Highlights
- Brand new 2023 construction
- Salad and Go recently signed a brand-new 20-year lease with 4 (5-yer) options
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by And Go Concepts, LLC
Location Description
Salad And Go is strategically situated on North Kelly Avenue, in close proximity to the intersection with West Covell Road, with a combined daily traffic count of 36,000 vehicles. The property is surrounded by several notable national retailers, including Walgreens, Lowe's, State Farm, Hobby Lobby, and Starbucks. Furthermore, it's located adjacent to Mercy Urgent Care, the University of...
...Features
-
New construction
-
Dense retail corridor
-
Near major nationals
-
Strategically located
-
Strong tenant synergy
-
Top 100 MSA
-
Strong demographics
-
Brand new lease
-
Long 20+ yr lease
-
Corporate Guarantee
...
Maps
Tenant
- Tenant: Salad and Go
- Guarantor:Corporate
- Company:And Go Concepts, LLC
- # Units:103
- Stock:Private
About Tenant
Founded in 2013 in Gilbert AZ, Salad and Go is a gourmet salad drive-thru restaurant chain located throughout the Phoenix Valley. The chain’s mission is to make ready-to-eat food available and...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,555 | 69,736 | 151,864 |
| 2023 Total Population : | 8,586 | 68,009 | 147,318 |
| 2023 Employed Civilian Pop : | 4,054 | 35,340 | 76,517 |
| 2023 Total Businesses : | 237 | 2,611 | 5,893 |
| 2023 Average Household Income : | $ 121,968 | $ 125,986 | $ 129,068 |
| 2023 Total Consumer Spending : | $ 338 M | $ 2787 M | $ 6036 M |
| 2023 Median Age : | 37 | 36 | 36 |
| 2023 Total Households : | 3,277 | 25,950 | 54,838 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,763 | 15,187 | 34,028 |
| 2023 Average Home Value : | $ 310,936 | $ 319,974 | $ 320,706 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Kelly Ave | W Covell Rd | 2011 | 13,042 | 0.05 mi |
| W Covell Rd | N Kelly Ave | 2015 | 17,116 | 0.20 mi |
| W Covell Rd | Mathis Brothers Skate Park | 2016 | 15,736 | 0.24 mi |
| N Kelly Ave | Prairie Village Dr | 2016 | 17,151 | 0.28 mi |
| North Kelly Avenue | Covell Village Dr | 2019 | 20,500 | 0.34 mi |
| West Covell Road | 2019 | 15,600 | 0.42 mi | |
| W Covell Rd | Shortgrass Rd | 2011 | 12,473 | 0.45 mi |
| W Covell Rd | Kiowa Dr | 2012 | 8,157 | 0.51 mi |
| West Covell Road | 2019 | 12,900 | 0.51 mi | |
| N Kelly Ave | Hollowdale | 2011 | 10,432 | 0.55 mi |
