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19897727
19897728

501 W Albany Street, Broken Arrow, OK 74012

MR
OK 158014
Newmark Robinson Park
JC
OK 175503
Newmark Robinson Park
Listed by Newmark Robinson Park
$3,200,000
638 days on market
Updated 141 days ago

Ted's Cantina Escondido

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,990
Net Rentable (SqFt) 5,990
Cap Rate 7.70%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 10/13/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options Three (3), Five (5) Year Renewal Options
Price per SqFt $576
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 0.570
Parking Spaces spaces
Investment Type Net Lease
Lease Commencement 10/14/2023
Occupancy Date 10/14/2023
Ground Lease No

Retail | 7.70% CAP | 5,990 SqFt

Marketing description

Newmark Robinson Park is pleased to present the opportunity to acquire a fifteen

(13) year, Single Tenant Net Lease investment, occupied by Ted’s Cantina Escondido,

which is located 501 W. Albany Street, Broken Arrow, OK 74012 (“Property”). Ted’s Cantina

Escondido is a local restaurant group, with seven locations. The property was built in 2023

and is approximately 5,990 square feet.

  • The property is in Broken Arrow, Oklahoma, which is the fourth largest city in Oklahoma, having a population of 119,954.

  • The area surrounding the Property is surrounded by many national retailers, six hotels with

over 500 rooms, and the Ascension St. John Broken Arrow Hospital.

  • The city’s steady growth, averaging 1.3% annually between 2020 and 2024, has been fueled

by a combination of factors. The robust economy, exemplified by an average household

income of $109,817, has attracted families seeking a higher standard of living. This upward

trend is expected to continue, with projections indicating a further increase to $126,772

within the next five years.

  • Broken Arrow’s combination of economic success, convenient location, and a high quality of

life has solidified its position as one of Oklahoma’s most dynamic cities.

Listing Contacts

MR
OK 158014
Newmark Robinson Park
JC
OK 175503
Newmark Robinson Park
Listed by Newmark Robinson Park

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