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Ted's Café Escondido 500 W Albany St 5,990 SF Retail Building Broken Arrow, OK 74012 $3,450,000 ($575.96/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Property is surrounded by many national retailers, six hotels with over 500 rooms, and the Ascension St. John Broken Arrow Hospital.
EXECUTIVE SUMMARY
Newmark Robinson Park is pleased to present the opportunity to acquire a fifteen (15) year, Single Tenant Net Lease investment, occupied by Ted’s Cantina Escondido, which is located 501 W. Albany Street, Broken Arrow, OK 74012 (“Property”). Ted’s Cantina Escondido is a local restaurant group, with seven locations. The property was built in 2023 and is approximately 5,990 square feet. The property is in Broken Arrow, Oklahoma, which is the fourth largest city in Oklahoma, having a population of 119,954.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,990 SF
Building Class
B
Year Built
2023
Price
$3,450,000
Price Per SF
$575.96
Cap Rate
7%
NOI
$241,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.45 AC
Zoning
C5
Frontage
173’ on North Elm Place
AMENITIES
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79025-84-02-56340 | Improvements Assessment | $299,189 |
| Land Assessment | $65,626 | Total Assessment | $364,815 |
PROPERTY TAXES
Parcel Number
79025-84-02-56340
Land Assessment
$65,626
Improvements Assessment
$299,189
Total Assessment
$364,815
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Ted's Café Escondido | 500 W Albany St
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