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Iconic Tulsa Restaurant Investment Sale 6310 E 101st St 4,205 SF Retail Building Tulsa, OK 74137 $1,509,000 ($358.86/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
Back on the market with new price!
Iconic 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
4,205 SF in 2 Combined Restaurant and Bar buildings (2,950 SF +/- Restaurant, 1,250 SF Bar building)
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
One of the leading gross sales restaurants within the Louie's brand (16+/-)
Absolute NNN lease with no Landlord responsibilities
Stable and durable building Investment with great appreciation upside for the land
Iconic 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
4,205 SF in 2 Combined Restaurant and Bar buildings (2,950 SF +/- Restaurant, 1,250 SF Bar building)
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
One of the leading gross sales restaurants within the Louie's brand (16+/-)
Absolute NNN lease with no Landlord responsibilities
Stable and durable building Investment with great appreciation upside for the land
Data Room Click Here to Access
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
4,205 SF
Building Class
C
Year Built/Renovated
2003/2005
Price
$1,509,000
Price Per SF
$358.86
Cap Rate
6.12%
NOI
$92,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.89 AC
Zoning
RM1 and CS - All under PUD 431
CS - Commercial Shopping
RM-1 -Residential Multi
Parking
54 Spaces (12.84 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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Iconic Tulsa Restaurant Investment Sale | 6310 E 101st St
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