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Dutch Bros | Abs NNN | Options to Extend 409 71st S st

950 SF Retail Building Tulsa, OK 74132 $2,336,000 ($2,459/SF) 5.35% Cap Rate

Investment Highlights

  • New 15 Year Lease | Options To Extend | Scheduled Rental Increases
  • Tulsa Hills Shopping Center | Dense Retail Corridor
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Tulsa, Oklahoma. The tenant, Dutch Bros recently signed a brand new 15 year lease with 4 (5-year) options 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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Year Built
2024
Price
$2,336,000
Price Per SF
$2,459
Cap Rate
5.35%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.80 AC
Zoning
CS
Parking
28 Spaces (29.47 Spaces per 1,000 SF Leased)
Frontage
98 FT on W 71st St S

Amenities

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
98202-82-02-57860
Land Assessment
$330,000
Improvements Assessment
$0
Total Assessment
$330,000
  • Listing ID: 34007627

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 409 71st S st, Tulsa, OK 74132

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