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Whataburger | 8+yrs Remain Corp Abs NNN 1432 S Peoria Ave 2,100 SF Retail Building Tulsa, OK 74120 $2,180,000 ($1,038.10/SF) 5.70% Cap Rate
Investment Highlights
- 8+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
- Along S Peoria Ave | Interstate 244 | Dense Retail Corridor | Strong National/Credit Tenant Presence | University of Tulsa
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• The tenant currently has 8+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The tenant currently has 8+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Building Class
C
Year Built
1978
Price
$2,180,000
Price Per SF
$1,038.10
Cap Rate
5.70%
NOI
$124,208
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.36 AC
Zoning
CH - Commercial Hub
Parking
24 Spaces (11.43 Spaces per 1,000 SF Leased)
Frontage
129’ on Peoria Ave
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Whataburger began in 1950 as a hamburger stand in Corpus Christi, Texas, and grew into a regional restaurant chain with roots in Texas and a broad presence across the southern United States. The company focuses on made-to-order burgers, breakfast items, chicken sandwiches, fries, shakes, and other customizable menu items, with many restaurants offering around-the-clock service. Whataburger also extends the brand beyond restaurants through grocery products and an official online store that sells branded merchandise and food items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Olive Garden
Property Taxes
| Parcel Number | 05175-92-12-20660 | Improvements Assessment | $28,816 |
| Land Assessment | $7,676 | Total Assessment | $36,492 |
Property Taxes
Parcel Number
05175-92-12-20660
Land Assessment
$7,676
Improvements Assessment
$28,816
Total Assessment
$36,492
Contacts
-
Patrick Luther -
Matthew Mousavi -
Patrick Nutt -
Webb Sellers -
SRS National Net Lease
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Whataburger | 8+yrs Remain Corp Abs NNN | 1432 S Peoria Ave
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