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Investment Highlights

  • Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | Established Tenant | 2026 Construction
  • Fronting S Memorial Drive (24,900 VPD) | Walmart Outparcel | Dense Retail Corridor | Surrounding Big Box Retailers
  • Strong Demographics | 10 Miles From Downtown Tulsa
  • Absolute NNN | Zero Landlord Responsibilities
  • 4 Miles Off U.S. Highway 64 (110,600 VPD) | Woodland Hills Mall | Southern Tulsa Infrastructure Improvements

Executive Summary

• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,203 locations throughout 25 states and a long-term goal of hitting 4,000+ stores
• 2026 remodel which features high quality materials, distinct design elements, and high-level finishes

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,050,000
Price Per SF
$3,210.53
Cap Rate
5.57%
NOI
$169,997
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.52 AC
Zoning
CS - Service Commercial
Parking
12 Spaces (12.63 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

City National Bank of OK
Red Lobster
Hooters
IHOP
Texas de Brazil
Kura Revolving Sushi Bar
Huhot Mongolian Grills
MidFirst Bank
Sky Zone
CircusTrix

Property Taxes

Property Taxes

Parcel Number
77715-83-01-17515
Land Assessment
$106,645
Improvements Assessment
$50,842
Total Assessment
$157,487
  • Listing ID: 41491447

  • Date on Market: 5/28/2026

  • Last Updated:

  • Address: 6701 S Memorial Dr, Tulsa, OK 74133

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