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South Tulsa Restaurant Investment Sale 6310 E 101st St 4,350 SF Retail Building Tulsa, OK 74137 $1,509,000 ($346.90/SF) 6.12% Cap Rate
Investment Highlights
- Iconic South Tulsa Restaurant
- Proven Restaurant Operator
- Superior 101st demographics
- Great investment with long term appreciation
Executive Summary
New pricing!
Iconic South Tulsa Louie's Grill and Bar Restaurant investment sale
Tenant since 2005; converted convenience store location with oversized lot
2.5 years remaining to 4th renewal option; 5th-Fixed 5 Year renewal option in 2028.
Excellent South Tulsa "neighborhood centric" location at 101st Sheridan
4,350 SF in dual building configuration (3,177 SF +/- Restaurant/ 1,173 SF Annex)
140 occupancy load including patio dining
Superior demographics with over 80K people and 143K AHI on 3-mile radius
Proven Hal Smith Restaurant Group (HSRH) operator with over 85 restaurants
Strong performing gross sales within the 16 Louie's brand (USA Database)
Absolute NNN lease with no Landlord responsibilities
Durable building Investment; dual configuration can create 2 tenant income potential upon vacancy
Iconic South Tulsa Louie's Grill and Bar Restaurant investment sale
Tenant since 2005; converted convenience store location with oversized lot
2.5 years remaining to 4th renewal option; 5th-Fixed 5 Year renewal option in 2028.
Excellent South Tulsa "neighborhood centric" location at 101st Sheridan
4,350 SF in dual building configuration (3,177 SF +/- Restaurant/ 1,173 SF Annex)
140 occupancy load including patio dining
Superior demographics with over 80K people and 143K AHI on 3-mile radius
Proven Hal Smith Restaurant Group (HSRH) operator with over 85 restaurants
Strong performing gross sales within the 16 Louie's brand (USA Database)
Absolute NNN lease with no Landlord responsibilities
Durable building Investment; dual configuration can create 2 tenant income potential upon vacancy
Data Room Click Here to Access
- Operating, Financial and Environmental
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,350 SF
Building Class
C
Year Built
2003
Price
$1,509,000
Price Per SF
$346.90
Cap Rate
6.12%
NOI
$92,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.89 AC
Zoning
CS - PUD
Parking
13 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
232’ on 101st
Amenities
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 70780-83-27-04100 | Improvements Assessment | $109,230 (2025) |
| Land Assessment | $51,304 (2025) | Total Assessment | $160,534 (2025) |
Property Taxes
Parcel Number
70780-83-27-04100
Land Assessment
$51,304 (2025)
Improvements Assessment
$109,230 (2025)
Total Assessment
$160,534 (2025)
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Videos
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Photos
Street View
Street
Map
Contact the Sale Advisor
South Tulsa Restaurant Investment Sale | 6310 E 101st St