Tulsa, OK - Whataburger

Description:

• Corporate signed lease by Whataburger Restaurants, LLC
• The tenant currently has 8+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

• The subject property is located along South Peoria Ave (10,500 VPD)
• The site benefits from nearby direct on/off ramp access to Interstate 244, a major thoroughfare that averages 76,600 vehicles passing by daily
• The asset is located in a dense retail corridor, with numerous nearby national/credit retailers including Starbucks, Walgreens, Home Depot, Wendy’s, Chick-fil-A, and many more
• The subject property is in close proximity to the Univeristy of Tulsa (3,559 students), further increasing traffic to the trade area

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Listing ID: a28TP000002CdFlYAK