Brand New Whataburger | 20-Yr. Abs. NNN | 1902 W Norfolk Dr
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Brand New Whataburger | 20-Yr. Abs. NNN 1902 W Norfolk Dr
3,318 SF Retail Building Broken Arrow, OK 74011 £3,690,153 (£1,112/SF) 6.25% Net Initial Yield
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
• 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
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
3,318 SF
Building Class
C
Year Built
2024
Construction Status
Under Construction
Price
£3,690,153
Price Per SF
£1,112
Net Initial Yield
6.25%
NOI
£230,616
Tenancy
Single
Number of Floors
1
Land Acres
20.24 AC
Frontage
PROPERTY TAXES
| Parcel Number | 98434-84-34-50010 | Improvements Assessment | £0 |
| Land Assessment | £117,525 | Total Assessment | £117,525 |
PROPERTY TAXES
Parcel Number
98434-84-34-50010
Land Assessment
£117,525
Improvements Assessment
£0
Total Assessment
£117,525
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Brand New Whataburger | 20-Yr. Abs. NNN | 1902 W Norfolk Dr
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