About This Restaurant
Investment Highlights
Single Parcel | Two-Tenant Hobby Lobby (Private Credit) & Drive-Thru Long John Silver?s/ A&W (Private Credit) | Corporately Guaranteed Lease with HL High Traffic Location | Direct I-44 (86,551 VPD) On/Off Ramp access along E 51st Street (18,311 VPD) | Adjacent to BioLife Plasma Services & SteinMart Tulsa MSA Location | Growing Population | Close Proximity to Major Employers, Housing & Entertainment Complexes Long-Term Commitment | 6.9 Years of WALT | Scheduled Rental Increases | Scheduled Renewal Options | Passive Net Leases Dominant Retail Corridor with Numerous National and Local Chains along S Harvard Ave (27,510 VPD) or 51st Street South
Executive Summary
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a net leased Hobby Lobby & Long John Silver?s in Tulsa, OK.Net Lease Structure6.9 Years Lease Term RemainingFee Simple Ownership Interest
Property Details
- Sale Type Investment NNN
- Sale Condition Ground Lease (Leased Fee)
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding Restaurant
- Building Size 5,117
- Building Class C
- Year Built 2024
- Price 1,995,000
- Price Per SF 390
- Cap Rate 5.76
- NOI 115,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.59 AC
| Date Created: | 2024-07-16 04:18:08 | Last Updated: | 2024-07-16 04:18:08 |
| Address: | Two-Tenant Net Leased Hobby Lobby & LJS, Tulsa, Oklahoma, | ||