NNN Tacos 4 Life in Strong Market 10732 S Memorial Dr

10732 S Memorial Dr , Tulsa, Oklahoma, 74133 | 3,952 sq.f | $ 2,770,000

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About This Restaurant

Investment Highlights

Zero landlord responsibilities Surrounded by national tenants Bordering the rapidly expanding Bixby market Sandwiched between Costco and Walmart SuperCenter Local personal guaranty and corporate guaranty Along the primary North / South traffic corridor

Executive Summary

We are excited to announce an extremely rare opportunity to own a Tacos 4 Life property in one ofthe most exciting markets in the southern US!The site is situated on South Memorial Drive, the primary thoroughfare in the Tulsa, OK trade area.The Tacos 4 Life is surrounded by new development and massive restaurants and retailers includingWalmart SuperCenter, Costco, Sprouts, Reasons, Life Time Fitness, Lowe?s, Panera, Dutch BrosCoffee, Starbucks, Chick-Fil-A, Tropical Smoothie, and many more. Tacos 4 Life has 9 years ofinitial term remaining on the NNN lease. The lease has 10% increases for years 6-10 of the initialterm of the lease, as well as, 10% increases at each option. This lease is guaranteed by Tacos 4 Lifecorporate, as well as personally by the local franchisee.Tacos 4 life is one of the most exciting new brands in the Southern United States with 28 locationsand counting. Their concept, product, and mission are unmatched in the restaurant industry. Thisproperty is being offered at a 6.5% CAP Rate based on an NOI of $180,000 / year.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    3,952
  • Building Class    B
  • Year Built    2019
  • Price    2,770,000
  • Price Per SF    701
  • Cap Rate    6.50
  • NOI    180,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.10
  • Land Acres    0.90 AC

Amenities

  • 24 Hour Access
  • Dedicated Turn Lane
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Drive Thru
  • Storage Space
  • Recessed Lighting
  • Monument Signage
  • Air Conditioning

Nearby Amenities & Transportation

Retail Panda Express
Retail WW
Retail IHOP
Retail Taco Bueno
Retail Tacos 4 Life
Retail Dutch Bros
Retail Life Time Fitness
Retail Sprouts Farmers Market
Retail ALDI
Retail Starbucks

Property Taxes

Parcel Number 60983-83-26-61910 Improvements Assessment $107,635
Land Assessment $70,928 Total Assessment $178,563
Date Created: 2024-07-16 04:18:08 Last Updated: 2024-07-16 04:18:08
Address: 10732 S Memorial Dr , Tulsa, Oklahoma, 74133