Salad and Go | New 20yr Corp Abs NNN | DrThru | 2325 E 71st St
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Salad and Go | New 20yr Corp Abs NNN | DrThru 2325 E 71st St
827 SF Retail Building Tulsa, OK 74136 $2,276,000 ($2,752/SF) 6.50% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Corporate Guaranteed |Scheduled Rental Increases | Brand New Construction
- Tulsa Hills Shopping Center | Dense Retail Corridor
- Strong Demographics In 5-Mile Trade Area
- Located Along E. 71st St | Signalized, Hard Corner Intersection | Dual Drive-Thru Equipped | Excellent Visibility & Access
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, dual drive-thru equipped, Salad and Go investment property located in Tulsa, Oklahoma. The tenant, And Go Concepts, LLC, recently signed a brand new 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design and high-quality materials. Salad and Go was founded in 2013 in Gilbert, Arizona. The company currently operates nearly 103 locations in the Western United States and is continuing to expand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
827 SF
Building Class
B
Year Built
2023
Price
$2,276,000
Price Per SF
$2,752
Cap Rate
6.50%
NOI
$147,946
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
0.48 AC
Zoning
CS - Commercial
Parking
21.77 Spaces per 1,000 SF Leased
Frontage
46 FT on East 71st Street
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Salad and Go
- Accommodation and Food Services
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Salad and Go | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
Parcel Number | 98306-83-06-41690 | Improvements Assessment | $0 |
Land Assessment | $35,200 | Total Assessment | $35,200 |
PROPERTY TAXES
Parcel Number
98306-83-06-41690
Land Assessment
$35,200
Improvements Assessment
$0
Total Assessment
$35,200
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Salad and Go | New 20yr Corp Abs NNN | DrThru | 2325 E 71st St
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