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10732 S Memorial Dr 4,062 SF Retail Building Tulsa, OK 74133 $2,880,000 ($709.01/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Surrounded by massive grocery tenants (use logos here: Costco, Walmart SC, Reasons, Target, ALDI, Sprouts)
Zero Landlord Responsibilities
Corporately backed for 5 years from closing date

Along the primary North / South thoroughfare — S Memorial Drive
Local Franchisee personal guaranteed Lease

EXECUTIVE SUMMARY

The site is a high-profile investment opportunity situated on South Memorial Drive, the primary thoroughfare in the Tulsa, OK trade area. The Tacos 4 Life is surrounded by new development and massive restaurants and retailers including Walmart SuperCenter, Costco, Sprouts, Reasons, Life Time Fitness, Lowe’s, Panera, Dutch Bros Coffee, Starbucks, Chick-Fil-A, Tropical Smoothie, and many more. Tacos 4 Life has 7 years of initial term remaining on the NNN lease. The lease has 10% increases for years 6-10 of the initial term of the lease, as well as, 10% increases at each option. This lease is guaranteed by Tacos 4 Life corporate for a period of 5 years from closing, as well as personally by the local franchisee.

T4L Tulsa 2

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

4,062 SF

Building Class

Year Built

2019

Price

$2,880,000

Price Per SF

$709.01

Cap Rate

6.25%

NOI

$180,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.90 AC

Zoning

CS - SHOPPING CENTER DISTRICT

Parking

40 Spaces (10.12 Spaces per 1,000 SF Leased)

Frontage

153’ on South Memorial Drive

24 Hour Access
Dedicated Turn Lane
Property Manager on Site

Restaurant
Security System
Signage

Drive Thru
Storage Space
Recessed Lighting

Monument Signage
Air Conditioning

MAJOR TENANTS

Accommodation and Food Services
3,952 SF
$45.55
Triple Net
Oct 2032

"Hunger is the worlds most solvable problem." Tacos 4 Life exists to serve AMAZING FOOD to their communities, empowering YOU to join them in the fight to END WORLD HUNGER through their Meal4Meal program! All meals that you raise go straight to their partner, Feed My Starving Children, who then distributes those meals to over 70 countries around the world. This mission is what drive them as individuals and as a company to serve their guests and team members with excellence. They invite YOU to be a part of ending world hunger!