HAWAIIAN BROS (CORP LEASE) – BROKEN ARROW, OK 500 E Kenosha St 4,000 SF Retail Building Broken Arrow, OK 74012 $6,981,878 CAD ($1,745.47 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG TERM ABSOLUTE NNN LEASE - 14 years remaining on initial 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years!
- LARGE PARCEL | TRAFFIC COUNTS - Positioned on a large ±1.08-acre lot on the NWC intersection with great visibility/ access on N 5th St & E Kenosha St
- VERY STRONG STORE PERFORMANCE | GOOGLE RATING - Rated 4.9 Stars out of 5 starts (2,041 posted reviews) on Google!
- CORPORATE GUARANTY - As of June 2024, Hawaiian Bros owns & franchises more than 56 restaurants serving the Aloha Spirit in nine states across U.S
- TRIPLE DRIVE-THRU CAPABILITY - Impressive double stack drive-thru with innovative additional drive-thru for mobile order pickups!
- AFFLUENT DEMOS - 151,348 population (5-Mile) and Average Household Income of $114,958 (3 mile)
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,000 SF
Year Built
2023
Price
$6,981,878 CAD
Price Per SF
$1,745.47 CAD
Cap Rate
7.25%
NOI
$506,220 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.08 AC
Zoning
C
AMENITIES
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Hawaiian Bros is inspired every day to spread the Aloha Spirit. To show kindness and respect, and to treat everyone as ’ohana, like family, in everything they do. In true Aloha Spirit, Hawaiian Bros was founded on the principles of honor, inclusion and gratitude. Hawaiian Bros respects the dignity and self-worth of every individual, whether you’re a guest enjoying a meal or the team member preparing it. In Hawaiian Bros ’ohana, everyone belongs. Hawaiian Bros value their differences and celebrate their common ground. And Hawaiian Bros say, “thank you” often, emphasizing the positive in Hawaiian Bros lives every day.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79313-84-02-57810 | Improvements Assessment | $433,692 CAD |
| Land Assessment | $134,490 CAD | Total Assessment | $568,182 CAD |
