1432 S Peoria Ave - Fast Food FOR SALE


Tulsa, OK 74120- North Maple Ridge
$2,250,000 USD
480-221-4221
1432 S Peoria Ave, Tulsa, OK for Sale
$2,250,000 USD
Fast Food - FOR SALE
1/4
null | 5.52% Cap Rate

1432 S Peoria Ave
Tulsa, OK 74120
North Maple Ridge


HIGHLIGHTS

  • 8+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
  • Absolute NNN | Fee Simple Ownership
  • Along S Peoria Ave | Interstate 244 | Dense Retail Corridor | Strong National/Credit Tenant Presence | University of Tulsa
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• Corporate signed lease by Whataburger Restaurants, LLC • The tenant currently has 8+ years remaining on their initial lease with 3 (5-year) options to extend • The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$1,278 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | 8+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,830 SF

ZONING

CH

APN/PARCEL ID

05175-92-12-20660

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 Notice.