2325 E 71st St - Fast Food FOR SALE


Tulsa, OK 74136- South Tulsa
$2,276,000 USD
254-716-4448
2325 E 71st St, Tulsa, OK for Sale
$2,276,000 USD
Fast Food - FOR SALE
1/7
null | 6.5% Cap Rate

2325 E 71st St
Tulsa, OK 74136
South Tulsa


HIGHLIGHTS

  • Brand New 20-Year Lease | Corporate Guaranteed |Scheduled Rental Increases | Brand New Construction
  • Located Along E. 71st St | Signalized, Hard Corner Intersection | Dual Drive-Thru Equipped | Excellent Visibility & Access
  • Tulsa Hills Shopping Center | Dense Retail Corridor
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, dual drive-thru equipped, Salad and Go investment property located in Tulsa, Oklahoma. The tenant, And Go Concepts, LLC, recently signed a brand new 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design and high-quality materials. Salad and Go was founded in 2013 in Gilbert, Arizona. The company currently operates nearly 103 locations in the Western United States and is continuing to expand.

FOR SALE DETAILS

PRICE

$2,276,000 USD

PRICE/SF

$2,752 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salad and Go | New 20yr Corp Abs NNN | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CS

APN/PARCEL ID

98306-83-06-41690

ASK ABOUT THIS PROPERTY

John TobenNational Net Lease GroupMore Info
254-716-4448

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John TobenNational Net Lease GroupMore Info
254-716-4448

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