Listed by Haag Brown Commercial Real Estate and Development
$2,880,000
Tacos 4 Life
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,062
Net Rentable (SqFt) 3,952
Cap Rate 6.25%
NOI $180,000
Occupancy 100%
Tenancy Single
Brand/Tenant Tacos 4 Life
Lease Type Absolute NNN
Lease Term 12.5
Lease Expiration 10/30/2032
Remaining Term 7
Rent Bumps Yes
Price per SqFt $709
Class A
Year Built 2019
Buildings 1
Stories 1
Acreage 0.900
Zoning CS
Investment Type Net Lease
Lease Commencement 04/20/2020
Occupancy Date 04/20/2020
NNN investment | Tulsa, OK | Tacos 4 Life
Marketing description
We are excited to announce an extremely rare opportunity to own a Tacos 4 Life property in one of the most exciting markets in the southern US!
The site is situated on South Memorial Drive, the primary thoroughfare in the Tulsa, OK trade area. The Tacos 4 Life is surrounded by new development and massive restaurants and retailers including Walmart SuperCenter, Costco, Sprouts, Reasons, Life Time Fitness, Lowe’s, Panera, Dutch Bros Coffee, Starbucks, Chick-Fil-A, Tropical Smoothie, and many more.
Tacos 4 Life has 7 years of initial term remaining on the NNN lease. The lease has 10% increases for years 6-10 of the initial term of the lease, as well as, 10% increases at each option. This lease is guaranteed by Tacos 4 Life corporate for a period of 5 years from closing, as well as personally by the local franchisee.
Tacos 4 life is one of the most exciting new brands in the Southern United States with 28 locations and counting. Their concept, product, and mission are unmatched in the restaurant industry.
This property is being offered at a 6.25% CAP Rate based on an NOI of $180,000 / year.
The site is situated on South Memorial Drive, the primary thoroughfare in the Tulsa, OK trade area. The Tacos 4 Life is surrounded by new development and massive restaurants and retailers including Walmart SuperCenter, Costco, Sprouts, Reasons, Life Time Fitness, Lowe’s, Panera, Dutch Bros Coffee, Starbucks, Chick-Fil-A, Tropical Smoothie, and many more.
Tacos 4 Life has 7 years of initial term remaining on the NNN lease. The lease has 10% increases for years 6-10 of the initial term of the lease, as well as, 10% increases at each option. This lease is guaranteed by Tacos 4 Life corporate for a period of 5 years from closing, as well as personally by the local franchisee.
Tacos 4 life is one of the most exciting new brands in the Southern United States with 28 locations and counting. Their concept, product, and mission are unmatched in the restaurant industry.
This property is being offered at a 6.25% CAP Rate based on an NOI of $180,000 / year.
Investment highlights
- Surrounded by massive grocery tenants (use logos here: Costco, Walmart SC, Reasons, Target, ALDI, Sprouts)
- Along the primary North / South thoroughfare — S Memorial Drive
- Out-Pad to Life Time Fitness Development
- Bordering the rapidly expanding Bixby market
- Local Personal Guaranty and Corporate Guaranty
- A+ Market and Location
- Zero Landlord Responsibilities
Listing Contacts
Listed by Haag Brown Commercial Real Estate and Development
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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