Morrow Road & Wilson Avenue Ave - Freestanding FOR SALE


Sand Springs, OK 74063
$3,638,000 USD
480-221-4221
Morrow Road & Wilson Avenue Ave, Sand Springs, OK for Sale
$3,638,000 USD
Freestanding - FOR SALE
1/8
null | 5.25% Cap Rate

Morrow Road & Wilson Avenue Ave
Sand Springs, OK 74063


HIGHLIGHTS

  • Brand New 10-Year Lease | Scheduled Rental Increases | Options To Extend
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection | Excellent Visibility |Significant Street Frontage
  • Proximity To Walmart Supercenter (200,000+ SF) |Retail Corridor | Strong National/Credit Tenant Presence
  • Growing Community | Tulsa MSA
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Olive Garden investment property located in Sand Springs, Oklahoma. The tenant, Olive Garden Holdings, LLC recently signed a brand new 10-year lease with 4 (5-year) options 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 property is scheduled to open in February 2025. Owner: Members of the selling entity hold an active real estate license

FOR SALE DETAILS

PRICE

$3,638,000 USD

PRICE/SF

$465 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Garden | New 10yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

CG

APN/PARCEL ID

99114-91-14-37870

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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