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Tinker Federal Credit Union 5608 Aspen Ave 5,230 SF 4-Star Retail Building Broken Arrow, OK 74011 $2,600,000 ($497.13/SF) 5% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Options To Extend | Strong Tenant | Scheduled Rental Increases | Drive-Thru Equipped
- A Part of a Newly Developed Center | High Traffic Counts Dense Retail Corridor | Excellent Visibility
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Newly executed 20-year lease with 3 (5-year) options to extend
• The lease features 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Tinker Federal Credit Union is the largest credit union in Oklahoma, serving over 470,000 members with approximately $6.1 billion in assets, demonstrating strong financial stability
• The site features multiple drive-thrus, providing convenience and efficient service for customers
• The lease features 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Tinker Federal Credit Union is the largest credit union in Oklahoma, serving over 470,000 members with approximately $6.1 billion in assets, demonstrating strong financial stability
• The site features multiple drive-thrus, providing convenience and efficient service for customers
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,230 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$2,600,000
Price Per SF
$497.13
Cap Rate
5%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.37 AC
Zoning
CH - Commercial Heavy
Parking
22 Spaces (4.21 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 98433-84-33-61570 | Improvements Assessment | $0 |
| Land Assessment | $122,826 | Total Assessment | $122,826 |
Property Taxes
Parcel Number
98433-84-33-61570
Land Assessment
$122,826
Improvements Assessment
$0
Total Assessment
$122,826
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Tinker Federal Credit Union | 5608 Aspen Ave
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