501 Albany StBroken Arrow, OK 74012

Property Details for 501 Albany St

Lot size

0.67 AC

Property type

Commercial land

APN

79025-84-02-56340

APU

79025840256340

Description

Exceptional investment opportunity: A brand-new, 5,990 square foot Ted's Cantina restaurant in Broken Arrow, Oklahoma, is available for purchase. This single-tenant, Class A property boasts a 15-year net lease (NNN) with annual rent increases, commencing October 14, 2023, and expiring October 13, 2038. The lease includes three and five-year renewal options, ensuring long-term stability. The property sits on a 0.57-acre lot and features a strong 6.09% cap rate based on a $210,000 net operating income (NOI). The asking price is $3,450,000, translating to $575.96 per square foot. Located at 501 W Albany Street, Broken Arrow, OK 74012, this property benefits from its prime location in a thriving area surrounded by national retailers, hotels, and a major hospital. Broken Arrow's robust economy, with an average household income of $109,817, and projected growth, makes this a compelling investment. The property's 100% occupancy since its October 14, 2023 opening date further solidifies its value. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market.

Location Insight

City

Broken Arrow

County

Tulsa

State

Oklahoma

Latitude

36.0751

Longitude

-95.7968

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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