10732 S Memorial
Tulsa, OK 74133
Tulsa, OK 74133
Price:
$2,770,000
Cap Rate:
6.50%
Lot Size:
0.90 AC
Broker(s):
Nathan Eller
Highlights
- Sandwiched between Costco and Walmart SuperCenter
- Zero landlord responsibilities
- Bordering the rapidly expanding Bixby market
- Surrounded by national tenants
- Local personal guaranty and corporate guaranty
- Along the primary North / South traffic corridor
Property Description
We are excited to announce an extremely rare opportunity to own a Tacos 4 Life property in one ofthe most exciting markets in the southern US!
The site is situated on South Memorial Drive, the primary thoroughfare in the Tulsa, OK trade area.
The Tacos 4 Life is surrounded by new development and massive restaurants and retailers including
Walmart SuperCenter, Costco, Sprouts, Reasons, Life Time Fitness, Lowe’s, Panera, Dutch Bros
Coffee, Starbucks, Chick-Fil-A, Tropical Smoothie, and many more. Tacos 4 Life has 9 years of
initial term remaining on the NNN lease. The lease has 10% increases for years 6-10 of the initial
term of the lease, as well as, 10% increases at each option. This lease is guaranteed by Tacos 4 Life
corporate, as well as personally by the local franchisee.
Tacos 4 life is one of the most exciting new brands in the Southern United States with 28 locations
and counting. Their concept, product, and mission are unmatched in the restaurant industry. This
property is being offered at a 6.5% CAP Rate based on an NOI of $180,000 / year.
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