www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29493862
29493863

1432 S Peoria Ave, Tulsa, OK 74120

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa, SRS Real Estate Partners SAN ANTONIO
$2,180,000
125 days on market
Updated 45 days ago

Whataburger | Tulsa, OK

Details
APN 05175-92-12-20660
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,100
Cap Rate 5.7%
NOI $124,208
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, McDonald's (+2)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/30/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $1,038
Broker Co-Op Yes
Year Built 1978
Buildings 1
Stories 1
Acreage 0.360
Zoning CH - Commercial Hub
Parking Spaces 24 spaces
Parking Per SqFt 11.43
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

8+ Yr. Remaining 10% Increases | Close Proximity to University of Tulsa

Marketing description

Introducing an exceptional investment opportunity - the Whataburger Restaurants, LLC property located at 1432 S. Peoria Avenue, Tulsa, Oklahoma. This single-tenant absolute NNN property offers a reliable income stream with over 8 years remaining on the lease, scheduled rental increases, and options to extend. The property boasts a 5.52% cap rate with a net operating income of $124,208. Situated in a bustling retail corridor, this fee simple ownership property features a renowned national tenant surrounded by strong credit retailers, including Starbucks, Walgreens, and Home Depot. With direct access to Interstate 244 and close proximity to the University of Tulsa, the location draws significant traffic, offering excellent visibility and convenience. The area's strong demographics, with a solid presence of six-figure incomes within a 5-mile trade radius, further enhance the investment appeal. Don't miss this opportunity to own a prime commercial asset in a thriving location with a secure long-term tenant in place.

Investment highlights

  • 8+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand

  • Absolute NNN | Fee Simple Ownership

  • Along S Peoria Ave | Interstate 244 | Dense Retail Corridor | Strong National/Credit Tenant Presence | University of Tulsa

  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Listing Contacts

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa, SRS Real Estate Partners SAN ANTONIO

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,208.00
$10,350.67/mo

Valuation Metrics

0
DSCR
5.7%
Cap Rate
5.7%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Mark Reeder
License
OK License No. 109143
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591