9711 E 71st St - Restaurant FOR SALE


Tulsa, OK 74133
$6,125,000 USD
918-853-9182
9711 E 71st St, Tulsa, OK for Sale
$6,125,000 USD
Restaurant - FOR SALE
1/5
null | 7% Cap Rate

9711 E 71st St
Tulsa, OK 74133


HIGHLIGHTS

  • Absolute NNN Investment: Tenant is responsible for absolutely all expenses including taxes, insurance, structure, roof & area maintenance.
  • Experienced Franchisee: Revenue and net income details of Golden Corral
  • Great Demographics: 35,000 house holds within 3 miles, Median HHI of $61,858, and a growing population
  • High Traffic Intersection: 41,086 cars per day at 71st Street Intersection
  • Seasoned Brand: Over 50 years in business & award winning concept

OVERVIEW

The Golden Corral restaurant has been in continuous operation under current ownership since January 1, 2005. It is located on east 71st Street very close to the intersection of Hwy 169. 71st St is a major arterial running East & West with a daily traffic count of 41,066. Highway 169 is a North/South expressway with a count of 128,129. The restaurant contains 10,255 usable sqft on 59198 sqft of land. There are 55 spaces available for customer parking. This is a stabilized absolute NNN investment with the tenant responsible for all operating expenses including roof, structure, and parking lot maintenance. Golden Corral opened their first restaurant in Fayetteville, North Carolina in 1973. They have a tradition of offering guests wholesome foods in a family-friendly atmosphere. 50 years later Golden Corral is honored to be called America’s #1 buffet & grill. About the Tenant: “I am writing on behalf of Rey Vasquez, who is a franchisee in excellent standing with Golden Corral Corporation. I have personally known Rey since March of 2006. Rey has served in many different capacities within Golden Corral, and as stated above, is a franchisee in excellent standing and a leader within our franchisee community.” -Roy Hinojosa Division President Golden Corral Corporation

FOR SALE DETAILS

PRICE

$6,125,000 USD

PRICE/SF

$583 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Corral | NNN | True 6.5% Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

CS

APN/PARCEL ID

78060-84-06-32850

ASK ABOUT THIS PROPERTY

Kevin KingMCP / McGraw Commercial PropertiesMore Info
918-853-9182

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Kevin KingMCP / McGraw Commercial PropertiesMore Info
918-853-9182

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