Dutch Bros | Abs NNN | Options to Extend 409 71st S st 950 SF Retail Building Tulsa, OK 74132 $3,236,458 CAD ($3,406.80 CAD/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15 Year Lease | Options To Extend | Scheduled Rental Increases
- Tulsa Hills Shopping Center | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Tulsa, Oklahoma. The tenant, Dutch Bros recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
C
Year Built
2024
Price
$3,236,458 CAD
Price Per SF
$3,406.80 CAD
Cap Rate
5.35%
NOI
$173,184 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.80 AC
Zoning
CS
Parking
28 Spaces (29.47 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 98202-82-02-57860 | Improvements Assessment | $0 CAD |
| Land Assessment | $457,783 CAD | Total Assessment | $457,783 CAD |
