$5,213,000 USD
650-678-7200
500 E Kenosha St
Broken Arrow, OK 74012
Downtown Broken Arrow
HIGHLIGHTS
- 15-year absolute net lease featuring 10% rental increases every 5 years
- Corporate guaranty from Hawaiian Bros, Inc. (see below)
- 2023 build-to-suit construction with double drive-thru on a large 1.42 acre lot
- Ranked among the Top 25% most trafficked restaurants in Oklahoma over the past 12 months (per Placer.ai)
- Hawaiian Bros is a rapidly expanding QSR concept founded in 2018 with 60+ restaurants in 9 states
- Affluent demographics – $107,000 average household incomes within a 3-mile radius of the subject property
OVERVIEW
Recent 2023 build-to-suit construction QSR building with double drive-thru. A 15-year absolute net Hawaiian Bros lease featuring 10% rental increases every 5 years and a full-term corporate guaranty. Subject property is located in Broken Arrow – a suburb of Tulsa experiencing significant economic development stimulating growth in the direct trade area.
FOR SALE DETAILS
PRICE
$5,213,000 USD
PRICE/SF
$1,303 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hawaiian Bros
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.42 AC
LAND SF
61,855 SF
ZONING
-
APN/PARCEL ID
79313-84-02-57810
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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