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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
Fast Food
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

Hawaiian Bros Island Grill
WW
Capriotti's Sandwich Shop
Dutch Bros
RibCrib
Tacos 4 Life
MOD Pizza
Bank Of Oklahoma
Orangetheory Fitness
CAVA

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
79313-84-02-57810
Land Assessment
$93,500
Improvements Assessment
$301,510
Total Assessment
$395,010
  • Listing ID: 34321303

  • Date on Market: 12/30/2024

  • Last Updated:

  • Address: 500 E Kenosha St, Broken Arrow, OK 74012

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