HAWAIIAN BROS (CORP LEASE) – BROKEN ARROW, OK | 500 E Kenosha St
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HAWAIIAN BROS (CORP LEASE) – BROKEN ARROW, OK 500 E Kenosha St
4,000 SF Retail Building Broken Arrow, OK 74012 $5,033,000 ($1,258/SF) 7.25% Cap Rate
Investment Highlights
- LONG TERM ABSOLUTE NNN LEASE - 14 years remaining on initial 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years!
- LARGE PARCEL | TRAFFIC COUNTS - Positioned on a large ±1.08-acre lot on the NWC intersection with great visibility/ access on N 5th St & E Kenosha St
- VERY STRONG STORE PERFORMANCE | GOOGLE RATING - Rated 4.9 Stars out of 5 starts (2,041 posted reviews) on Google!
- CORPORATE GUARANTY - As of June 2024, Hawaiian Bros owns & franchises more than 56 restaurants serving the Aloha Spirit in nine states across America
- TRIPLE DRIVE-THRU CAPABILITY - Impressive double stack drive-thru with innovative additional drive-thru for mobile order pickups!
- AFFLUENT DEMOS - 151,348 population (5-Mile) and Average Household Income of $114,958 (3 mile)
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Year Built
2023
Price
$5,033,000
Price Per SF
$1,258
Cap Rate
7.25%
NOI
$364,917
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.08 AC
Zoning
C
Amenities
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 79313-84-02-57810 | Improvements Assessment | $301,510 |
Land Assessment | $93,500 | Total Assessment | $395,010 |
PROPERTY TAXES
Parcel Number
79313-84-02-57810
Land Assessment
$93,500
Improvements Assessment
$301,510
Total Assessment
$395,010
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HAWAIIAN BROS (CORP LEASE) – BROKEN ARROW, OK | 500 E Kenosha St
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