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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
Fast Food
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

PROPERTY TAXES

Parcel Number
98306-83-06-41690
Land Assessment
$35,200
Improvements Assessment
$0
Total Assessment
$35,200
  • Listing ID: 30276551

  • Date on Market: 12/4/2023

  • Last Updated:

  • Address: 2325 E 71st St, Tulsa, OK 74136

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