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Brand New Whataburger | 20-Yr. Abs. NNN 1903 W Norfolk Dr

3,318 SF Retail Building Broken Arrow, OK 74011 $6,651,302 CAD ($2,005 CAD/SF) 6.25% Cap Rate

Retail Space Oklahoma Broken Arrow 1903 W Norfolk Dr, Broken Arrow, OK 74011

Investment Highlights

  • BRAND NEW 20-YR. ABSOLUTE NNN LEASE, OPEN 24 HOURS
  • EXCELLENT ACCESS AND VISIBILITY TO 37,309 VPD ALONG US HIGHWAY 364
  • 123,429 RESIDENTS IN PRIMARY TRADE AREA WITH AN AVERAGE HOUSEHOLD INCOME OF $113,296

Executive Summary

• Positioned within Aspen Ridge of Broken Arrow – a 60 acre mixed-use development with 170 multi-family apartments and 150k SF grocery anchored center
• Adjacent to Aspen Creek – a 150 acre mixed-use development with 240 multi-family units, anchored by the highest performing theatre in Tulsa
• Broken Arrow is One of the Fastest Growing Municipalities in Oklahoma – 4th largest city in the state
• Surrounded by National Retailers – including Walmart, Chick-fil-A, Chipotle, Taco Bell, Starbucks and many others

Attachments

Whataburger (Broken Arrow, OK)

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,318 SF
Building Class
C
Year Built
2024
Construction Status
Under Construction
Price
$6,651,302 CAD
Price Per SF
$2,005 CAD
Cap Rate
6.25%
NOI
$415,673 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
20.24 AC
Frontage
162 ft on West Norfolk Drive

Links

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1903 W Norfolk Dr, Broken Arrow, OK - aerial map view - Image1
1903 W Norfolk Dr, Broken Arrow, OK - aerial map view - Image2
1903 W Norfolk Dr, Broken Arrow, OK - aerial map view - Image3

Nearby Major Retailers

Reasor's
Anytime Fitness
Taco Bueno Restaurants
MidFirst Bank
Aldi

PROPERTY TAXES

Parcel Number 98434-84-34-50010 Improvements Assessment $0 CAD
Land Assessment $208,966 CAD Total Assessment $208,966 CAD

PROPERTY TAXES

Parcel Number
98434-84-34-50010
Land Assessment
$208,966 CAD
Improvements Assessment
$0 CAD
Total Assessment
$208,966 CAD
(760) 930-7931

Contact

  • Listing ID: 33282938

  • Date on Market: 2024-09-24

  • Last Updated:

  • Address: 1903 W Norfolk Dr, Broken Arrow, OK 74011

The Retail Property at 1903 W Norfolk Dr, Broken Arrow, OK 74011 is currently available for sale. Contact Colliers for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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1903 W Norfolk Dr, Broken Arrow, OK for sale Building Photo- Image 1 of 6
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Brand New Whataburger | 20-Yr. Abs. NNN | 1903 W Norfolk Dr
(760) 930-7931 x

Brand New Whataburger | 20-Yr. Abs. NNN | 1903 W Norfolk Dr

Thomas Ladt

(760) 930-7931

(760) 930-7931

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