10732 S Memorial Dr - Fast Food FOR SALE


Tulsa, OK 74133- South Tulsa
$2,880,000 USD
870-336-8000
10732 S Memorial Dr, Tulsa, OK for Sale
$2,880,000 USD
Fast Food - FOR SALE
1/5
null | 6.25% Cap Rate

10732 S Memorial Dr
Tulsa, OK 74133
South Tulsa


HIGHLIGHTS

  • Surrounded by massive grocery tenants (use logos here: Costco, Walmart SC, Reasons, Target, ALDI, Sprouts)
  • Along the primary North / South thoroughfare — S Memorial Drive
  • Zero Landlord Responsibilities
  • Local Franchisee personal guaranteed Lease
  • Corporately backed for 5 years from closing date

OVERVIEW

The site is a high-profile investment opportunity 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 including Walmart SuperCenter, Costco, Sprouts, Reasons, Life Time Fitness, Lowe’s, Panera, Dutch Bros Coffee, Starbucks, Chick-Fil-A, Tropical Smoothie, and many more. Tacos 4 Life has 7 years of initial term remaining on the NNN lease. The lease has 10% increases for years 6-10 of the initial term of the lease, as well as, 10% increases at each option. This lease is guaranteed by Tacos 4 Life corporate for a period of 5 years from closing, as well as personally by the local franchisee.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$709 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

CS

APN/PARCEL ID

60983-83-26-61910

ASK ABOUT THIS PROPERTY

Isaac CrowHaag Brown CommercialMore Info
870-336-8000

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Isaac CrowHaag Brown CommercialMore Info
870-336-8000

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