REIT Sale | Former Sam’s Southern Eatery | Walmart Outparcel | 29K VPD | Drive-Thru

Highlights:

• Freestanding Former Sam’s Southern Eatery Restaurant on 0.92 AC Outparcel to Walmart Anchored Plaza with Lowe’s Across Street
• ±29,511 VPD Highway Traffic Counts at Signalized Hard Corner of W Owen K Garriott Rd (US-412/60) and S Garland Rd
• Nearby National Retailers: Walmart, Lowe’s, Atwoods Ranch & Home, Academy Sports, Harbor Freight, TJ Maxx, Bealls, Old Navy, Chick-fil-A, Shoe Dept, GameStop, Interstate Batteries, Whataburger, Jiffy Trip, Discount Tire, Dollar Tree
• Dense Demographics with 5-Mile Population of ±44,158 and Annual Household Income of ±$74,598
• Zoned C-2, Planned Business Center with a Variety of Permitted Uses including Restaurant
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction March 2-4, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2969/reit-sale-former-sam-s-southern-eatery-walmart-outparcel-29k-vpd-drive-thru?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2969

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing, restaurant/retail building including drive-thru located at 606 South Garland Road in Enid, Oklahoma 73703 (the “Property”). Formerly occupied by Sam’s Southern Eatery, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner-users or investors to secure a flexible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE!

Built in 2003, the Property consists of a ±3,212-SF single-story building including drive-thru situated on an expansive ±0.923-acre parcel (±40,192 SF) with a surface parking lot providing 35 parking spaces. Strategically positioned as an outparcel to a Walmart anchored retail plaza, the site benefits from two points of ingress and egress, including ±244 feet along US Hwy 60 (Owen K Garriott Road) which carries ±19,757 vehicles per day (VPD) and ±163 feet along S Garland Road, which carries ±9,754 VPD. The Property is located along a highly trafficked daily-needs retail corridor, less than ±1 mile from Oakwood Mall and across the street from Lowe’s, providing strong traffic exposure, and cross-shopping opportunities. Previously leased to Sam’s Southern Eatery Restaurant on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $10-12/SF Retail. Zoned C-2, Planned Business Center, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.

Enid, Oklahoma is a significant commercial and industrial hub in northwestern Oklahoma, located about 80-miles north of Oklahoma City along U.S. Highways 60 and 412, giving the city strong regional connectivity and access to freight and trade routes. Enid serves as a primary retail, healthcare, and service center for rural northern Oklahoma and southern Kansas. The economy is anchored by manufacturing, agriculture/energy support, aviation, and healthcare, with major employers such as Tyson Foods, Vance Air Force Base contractors, Integris Bass Baptist Health Center, and St. Mary’s Regional Medical Center providing a diversified employment base that underpins commercial demand. The surrounding corridor features a mix of national retailers, restaurants, and local service providers, including Walmart, Lowe’s, Atwoods Ranch & Home, Academy Sports, Harbor Freight, TJ Maxx, Bealls, Old Navy, Chick-fil-A, Shoe Dept, GameStop, Interstate Batteries, Whataburger, Jiffy Trip, Discount Tire, Dollar Tree, and regional shopping centers that generate consistent consumer draw. The Property also benefits from strong residential density and a metropolitan population over 22k residents within a 3-mi radius and 44,158 residents within a 5-mi radius, supported by an average household income (AHHI) above $74,000.


Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: BK#: 134099
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: