6310 E 101st St - Restaurant FOR SALE


Tulsa, OK 74137- South Tulsa
$1,609,000 USD
918-695-4162
6310 E 101st St, Tulsa, OK for Sale
$1,609,000 USD
Restaurant - FOR SALE
1/8
null | 5.74% Cap Rate

6310 E 101st St
Tulsa, OK 74137
South Tulsa


HIGHLIGHTS

  • Iconic South Tulsa Restaurant
  • Superior 101st demographics
  • Proven Restaurant Operator
  • Great investment with long term appreciation

OVERVIEW

Iconic Louie's Grill and Bar Restaurant investment sale Tenant since 2005; converted convenience store location with oversized lot 2.5 years remaining to 4th renewal option; 5th-Fixed 5 Year renewal option in 2028. Excellent South Tulsa "neighborhood centric" location at 101st Sheridan 4,205 SF Combined Restaurant and Bar with 140 occupancy load including patio dining Superior demographics with over 80K people and 143K AHI on 3-mile radius Best in class & proven Hal Smith Restaurant Group (HSRH) operator with over 85 restaurants One of the leading restaurants of highest gross sales within the Louie's brand (16+/-) Absolute NNN lease with no Landlord responsibilities Stable and durable Investment with long term appreciation

FOR SALE DETAILS

PRICE

$1,609,000 USD

PRICE/SF

$383 USD /SF

CAP RATE

5.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Iconic Tulsa Restaurant Investment Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

RM1 and CS

APN/PARCEL ID

70780-83-27-04100

ASK ABOUT THIS PROPERTY

Monty BerryEquitas Realty Advisors, LLCMore Info
918-695-4162

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Monty BerryEquitas Realty Advisors, LLCMore Info
918-695-4162

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