HIGHLIGHTS
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations
- TENANT: Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in US
- BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with an impressive 10-car stack in drive-thru - slated to open August 2025
- TRAFFIC COUNTS | INFILL LOCATION: Located on spacious ±0.95-acre parcel with great visibility/access on E 51st St S with traffic counts of 17,053 CPD
- Just east of S Yale Ave & E 51st St S where traffic counts exceed 62,780 CPD!
- 2024 DEMOGRAPHICS: Total Population (5MI): 249,980 | Average Household Income (1MI): $108,825
FOR SALE DETAILS
PRICE
$2,960,000 USD
PRICE/SF
$1,059 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
-
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FREDDY’S – TULSA, OK
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.95 AC
LAND SF
41,382 SF
ZONING
C
APN/PARCEL ID
06450-93-27-00819
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480-718-5555
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480-718-5555
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