Broken Arrow, OK - Tinker Federal Credit Union
$2,430,000
5608 South Aspen Avenue, Broken Arrow, OK 74011
5.35
Cap Rate
130,000
NOI
Details:
Description:
• Newly executed 20-year lease with 3 (5-year) options to extend
• The lease features 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Tinker Federal Credit Union is the largest credit union in Oklahoma, serving over 470,000 members with approximately $6.1 billion in assets, demonstrating strong financial stability
• The site features multiple drive-thrus, providing convenience and efficient service for customers
• The site is also directly across from another recently developed retail center featuring tenants including Chipotle, Chick-fil-A, Panda Express, and Taco Bell, as well as newly constructed multifamily units (170 Units)
• The subject property is located within a newly developed retail pad alongside national credit tenants such as McDonald’s and 7 Brew
• The asset will benefit from excellent visibility along Creek Turnpike (HWY 364) with over 34,000 vehicles per day
Location
Gallery