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29982633
30929208

11104 E 21st St, Tulsa, OK 74129

CO
CA 01985082
Matthews
Listed by Matthews
$1,063,802
99 days on market
Updated 85 days ago

KFC

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,644
Cap Rate 6%
NOI $63,828
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Price per SqFt $402
Year Built 1995
Buildings 1
Acreage 0.500

KFC | Absolute NNN

Marketing description

  • Absolute NNN Lease Structure – Approximately ±8 years remain on the initial lease term, in addition to two (2), five-year renewal options. The lease is structured on an absolute NNN basis, with the tenant responsible for all maintenance, repairs, and operating expenses, providing stable, passive income.

  • Attractive Rent Growth – The lease features 7.5% rental increases every five years, with the next escalation scheduled for July 2028. Increases continue throughout the option periods, offering predictable income growth and a built-in hedge against inflation.

  • Strong Traffic Counts – The property benefits from proximity to Highway 169, which carries traffic counts exceeding 114,000 vehicles per day, and is situated along E 21st Street with approximately 27,000 vehicles per day. This high-visibility location drives sustained consumer demand and long-term revenue stability.

  • Stable Population Base and Demographics – There are over 540,000 people in a 10-mile radius and the average household income is north of $100,000. Tulsa is the second largest city in Oklahoma and provides investors with strong and consistent demographics.

Investment highlights

Listing Contacts

CO
CA 01985082
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$63,828.00
$5,319.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Kyle Matthews
License
180759, 180760 (OK)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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