11051 41st st - Retail FOR SALE


Tulsa, OK 74146- Outer East Tulsa
$3,804,000 USD
859-907-2006
11051 41st st, Tulsa, OK for Sale
$3,804,000 USD
Retail - FOR SALE
1/5
null | 4.6% Cap Rate

11051 41st st
Tulsa, OK 74146
Outer East Tulsa


HIGHLIGHTS

  • NYSE: CMG – Chipotle Mexican Grill, Inc. Lease Guarantee
  • 15-Year NNN lease with four 5-year options
  • 10% increases every 5 years, including options
  • Located near the signalized intersection of E 41st St and S Garnett Rd (±47,300 VPD)
  • Anchored by Reasor’s Grocery, located next to a multitude of national retailers
  • Situated in between a growing residential area, as well as the main industrial hub, boasting a strong daytime population of 58,700 (3-mile)

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the new development Chipotle Mexican Grill asset located at a high-visibility retail corridor at 11051 E 41st St, Tulsa, OK 74146 (“Subject Property”). The subject property is a 2025 build-to-suit development for Chipotle Mexican Grill. Chipotle occupies an approximate 2,243 square-foot building situated on a 0.71-acre site and is secured by a new 15-year NNN lease. The lease includes 10% rental increases every 5 years, with four (4) five-year renewal options, offering investors a stable, long-term income stream with minimal landlord responsibilities. Chipotle is ideally located along East 41st Street, benefiting from strong visibility and traffic in a thriving retail corridor. This location experiences a daily traffic count exceeding 25,000 vehicles per day and is surrounded by numerous national and regional retailers, multi family and office developments, and hospitality businesses. Neighboring tenants include Reasor’s Grocery, QuikTrip, Taco Bell, Panda Express, McDonald’s, Chase Bank, Jack in the Box, Arby’s, Sonic, providing a strong consumer base and additional draw to the area. Along with this, across the street is a large-scale adaptive reuse project, converting a building to a 150+ unit multi-family apartment. Tulsa, OK, is the 2nd largest city in Oklahoma and is known for its diverse economy and vibrant culture. Positioned at the heart of Tulsa County, the city benefits from a central location with excellent transportation infrastructure, supporting robust commercial and residential growth. The property’s location in a dynamic retail hub ensures sustained demand and long-term viability for investors.

FOR SALE DETAILS

PRICE

$3,804,000 USD

PRICE/SF

$1,696 USD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,692 SF

ZONING

-

APN/PARCEL ID

75452-94-19-01240

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.