500 Kenosha StBroken Arrow, OK 74012

Property Details for 500 Kenosha St

Lot size

1.42 AC

Zone code

C5

Property type

Commercial land

APN

79313-84-02-57810

APU

79313840257810

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,000-square-foot Hawaiian Bros restaurant in Broken Arrow, Oklahoma. The property, built in 2024, sits on a 1.08-acre lot at a high-traffic intersection (21,368 CPD) with excellent visibility. The single-tenant building features a triple drive-thru configuration, including a dedicated mobile order pickup lane, maximizing operational efficiency. The property benefits from a 14-year remaining lease term (initial 15-year lease commencing January 22, 2024, expiring February 28, 2039) with a corporate guarantee from Hawaiian Bros, a rapidly expanding franchise with over 56 locations nationwide. The lease is an Absolute NNN, with a 7.25% cap rate and a strong NOI of $364,917. Rent increases are built in, with a 10% escalation every five years. The property is zoned C and enjoys proximity to major retailers such as Target, Walmart, and Bass Pro Shops, as well as educational institutions (University of Tulsa, University of Oklahoma-Tulsa) and Saint Francis Hospital. Three five-year renewal options further enhance the long-term value of this investment. The property boasts a 4.9-star Google rating (2,041 reviews) and is situated in a densely populated area with a high average household income. This is a rare opportunity to acquire a high-performing, net-leased asset with significant upside potential. The asking price is $5,033,000.

Location Insight

City

Broken Arrow

County

Tulsa

State

Oklahoma

Latitude

36.0617

Longitude

-95.7844

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].