Dunkin' 10249 41st st
1,780 SF Retail Building Tulsa, OK 74146 $1,666,666 ($936/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease with 19 years remaining on lease term
- Seasoned operator with 18 Dunkin' locations in multiple states
- 7.5% increases every 5 years
- Newer construction built in 2022
- Corporate guaranteed lease by Lagunita Franchise Operations
EXECUTIVE SUMMARY
This absolute net leased single-tenant Dunkin’ was developed in 2022 by Lagunita Franchise Operations, LLC, a seasoned operator and franchisee with five locations in Tulsa and 35 total Dunkin’ locations in multiple states. The property was purchased by the current owner as a “Sale Leaseback” absolute NNN investment with a 20-year term and rental increases every five years. This prototypical building includes a drive thru window, prominent signage, ample parking and a neighboring Popeye’s restaurant. The Franchisor, Inspire Brands, is a multi-brand restaurant company and the second largest in the US whose portfolio includes nearly 32,000 restaurants across more than 65 countries.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,780 SF
Building Class
B
Year Built
2022
Price
$1,666,666
Price Per SF
$936
Cap Rate
6%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
CS
Frontage
276’ on East 41st Street
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 76165-94-19-38800 | Improvements Assessment | $149,050 |
| Land Assessment | $51,700 | Total Assessment | $200,750 |
