Dutch Bros | Abs NNN | Options to Extend | 409 71st S st
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Dutch Bros | Abs NNN | Options to Extend 409 71st S st
950 SF Retail Building Tulsa, OK 74132 £1,845,463 (£1,943/SF) 5.35% Net Initial Yield
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
Year Built
2024
Price
£1,845,463
Price Per SF
£1,943
Net Initial Yield
5.35%
NOI
£98,751
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Land Acres
0.80 AC
Zoning
CS
Parking
28 Spaces (29.47 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
PROPERTY TAXES
Parcel Number | 98202-82-02-57860 | Improvements Assessment | £0 |
Land Assessment | £259,047 | Total Assessment | £259,047 |
PROPERTY TAXES
Parcel Number
98202-82-02-57860
Land Assessment
£259,047
Improvements Assessment
£0
Total Assessment
£259,047
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Dutch Bros | Abs NNN | Options to Extend | 409 71st S st
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