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31087508
31087509

11051 E 41st St, Tulsa, OK 74146

GF
TX 0593051, TX: 0593051
Colliers - Dallas, Texas
ZF
TX TX 688207
Colliers - Dallas, Texas
Colliers - Dallas, Texas
Listed by Colliers - Dallas, Texas
$3,211,000
84 days on market
Updated 0 days ago

New Development Chipotle | Grocery Anchored

Details
APN 75452-94-19-01240
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,243
Units 1
Cap Rate 5.45%
NOI $175,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+14)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/06/2040
Remaining Term 13.7
Rent Bumps Yes
Lease Options (4) 5-Year Options
Price per SqFt $1,432
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.710
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/07/2025
Occupancy Date 02/07/2025
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

New Development Chipotle | Absolute NNN | Grocery Anchored

Marketing description

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the new development Chipotle Mexican Grill asset located at a high-visibility retail corridor at 11051 E 41st St, Tulsa, OK 74146 (“Subject Property”).

The subject property is a 2025 build-to-suit development for Chipotle Mexican Grill. Chipotle occupies an approximate 2,243 square-foot building situated on a 0.71-acre site and is secured by a new 15-year Absolute NNN lease. The lease includes 10% rental increases every 5 years, with four (4) five-year renewal options, offering investors a stable, long-term income stream.

Chipotle is ideally located along East 41st Street, benefiting from strong visibility and traffic in a thriving retail corridor. This location experiences a daily traffic count exceeding 25,000 vehicles per day and is surrounded by numerous national and regional retailers, multi family and office developments, and hospitality businesses. Neighboring tenants include Reasor’s Grocery, QuikTrip, Taco Bell, Panda Express, McDonald’s, Chase Bank, Jack in the Box, Arby’s, Sonic, providing a strong consumer base and additional draw to the area. Along with this, across the street is a large-scale adaptive reuse project, converting a building to a 150+ unit multi-family apartment.

Tulsa, OK, is the 2nd largest city in Oklahoma and is known for its diverse economy and vibrant culture. Positioned at the heart of Tulsa County, the city benefits from a central location with excellent transportation infrastructure, supporting robust commercial and residential growth. The property’s location in a dynamic retail hub ensures sustained demand and long-term viability for investors.

Listing Contacts

GF
TX 0593051, TX: 0593051
Colliers - Dallas, Texas
ZF
TX TX 688207
Colliers - Dallas, Texas
Colliers - Dallas, Texas
Listed by Colliers - Dallas, Texas

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$175,000.00
$14,583.33/mo

Valuation Metrics

0
DSCR
5.45%
Cap Rate
5.45%
ROI

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