11051 41st st - Fast Food FOR SALE


Tulsa, OK 74146- Outer East Tulsa
$3,398,000 USD
859-907-2006
11051 41st st, Tulsa, OK for Sale
$3,398,000 USD
Fast Food - FOR SALE
1/5
null | 5.15% Cap Rate

11051 41st st
Tulsa, OK 74146
Outer East Tulsa


HIGHLIGHTS

  • Absolute NNN lease with zero landlord responsibilities
  • New 15-year lease guaranteed by Chipotle Mexican Grill (NYSE: CMG)
  • 10% rental increases every five years providing strong income growth
  • Brand-new 2025 construction with Chipotlane drive-thru concept
  • Grocery anchored retail corridor with strong national co-tenancy
  • Located along E 41st St with ±25,000 vehicles per day traffic counts

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the new development Chipotle Mexican Grill asset located at a high-visibility retail corridor at 11051 E 41st St, Tulsa, OK 74146 (“Subject Property”). The subject property is a 2025 build-to-suit development for Chipotle Mexican Grill. Chipotle occupies an approximate 2,243 square-foot building situated on a 0.71-acre site and is secured by a new 15-year Absolute NNN lease. The lease includes 10% rental increases every 5 years, with four (4) five-year renewal options, offering investors a stable, long-term income stream. Chipotle is ideally located along East 41st Street, benefiting from strong visibility and traffic in a thriving retail corridor. This location experiences a daily traffic count exceeding 25,000 vehicles per day and is surrounded by numerous national and regional retailers, multi family and office developments, and hospitality businesses. Neighboring tenants include Reasor’s Grocery, QuikTrip, Taco Bell, Panda Express, McDonald’s, Chase Bank, Jack in the Box, Arby’s, Sonic, providing a strong consumer base and additional draw to the area. Along with this, across the street is a large-scale adaptive reuse project, converting a building to a 150+ unit multi-family apartment. Tulsa, OK, is the 2nd largest city in Oklahoma and is known for its diverse economy and vibrant culture. Positioned at the heart of Tulsa County, the city benefits from a central location with excellent transportation infrastructure, supporting robust commercial and residential growth. The property’s location in a dynamic retail hub ensures sustained demand and long-term viability for investors.

FOR SALE DETAILS

PRICE

$3,398,000 USD

PRICE/SF

$1,515 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

CN

APN/PARCEL ID

75452-94-19-01240

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

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