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10732 S Memorial Dr
Tulsa, OK 74133
Retail Property For Sale
Investment Highlights
- Surrounded by massive grocery tenants (use logos here: Costco, Walmart SC, Reasons, Target, ALDI, Sprouts)
- Zero Landlord Responsibilities
- Corporately backed for 5 years from closing date
- Along the primary North / South thoroughfare — S Memorial Drive
- Local Franchisee personal guaranteed Lease
Executive Summary
The site is a high-profile investment opportunity situated on South Memorial Drive, the primary thoroughfare in the Tulsa, OK trade area. The Tacos 4 Life is surrounded by new development and massive restaurants and retailers including Walmart SuperCenter, Costco, Sprouts, Reasons, Life Time Fitness, Lowe’s, Panera, Dutch Bros Coffee, Starbucks, Chick-Fil-A, Tropical Smoothie, and many more. Tacos 4 Life has 7 years of initial term remaining on the NNN lease. The lease has 10% increases for years 6-10 of the initial term of the lease, as well as, 10% increases at each option. This lease is guaranteed by Tacos 4 Life corporate for a period of 5 years from closing, as well as personally by the local franchisee.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,062 SF
Building Class
B
Year Built
2019
Price
$2,880,000
Price Per SF
$709.01
Cap Rate
6.25%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.90 AC
Zoning
CS - SHOPPING CENTER DISTRICT
Parking
40 Spaces (10.12 Spaces per 1,000 SF Leased)
Frontage
153’ on South Memorial Drive
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Drive Thru
- Storage Space
- Recessed Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 60983-83-26-61910 | Improvements Assessment | $114,097 |
| Land Assessment | $92,612 | Total Assessment | $206,709 |
Property Taxes
Parcel Number
60983-83-26-61910
Land Assessment
$92,612
Improvements Assessment
$114,097
Total Assessment
$206,709
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