6701 S Memorial Dr - Fast Food FOR SALE


Tulsa, OK 74133- South Tulsa
$1,428,000 USD
908-462-4800
6701 S Memorial Dr, Tulsa, OK for Sale
$1,428,000 USD
Fast Food - FOR SALE
1/8
null | 7% Cap Rate

6701 S Memorial Dr
Tulsa, OK 74133
South Tulsa


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Dynamic Tenant
  • Prime Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a Dunkin’ located at 6701 S Memorial Drive in Tulsa, Oklahoma (the “Property”). The free-standing single tenant Dunkin’ consists of a 1,104 square foot building on a 0.52-acre parcel of land. Dunkin’ has 12+ years remaining on their Absolute NNN Lease. The lease calls for attractive 7.5% rent increases every 5-years throughout the primary lease term. This location is dark, Dunkin' has ceased operations at this location but will continue to pay base rent and all operating expenses and will continue to maintain the premises for the remainder of their primary lease term (through 12/31/2037). The Property is extremely well located along S Memorial Drive, one of the area’s primary retail corridors. The Property enjoys outstanding visibility, frontage and access and is part of a dominant trade area that is home to countless national retailers and restaurants, the Woodland Hills Mall, St Francis Hospital, Hilcrest Hospital South, Tulsa Community College Southeast, and major roadways including US Route 64 and OK Route 364, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools and is surrounded by densely populated residential neighborhoods providing a built-in customer base. The Property is 10-miles southeast of Tulsa’s Central Business District.

FOR SALE DETAILS

PRICE

$1,428,000 USD

PRICE/SF

$1,293 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin' Donuts (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick GrayHorvath & TremblayMore Info
908-462-4800

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Patrick GrayHorvath & TremblayMore Info
908-462-4800

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