Hawaiian Bros

$5,213,000

500 East Kenosha Street, Broken Arrow, OK 74012

For Sale

Retail

Active

Last Updated: 06/11/2025

Details:

Cap Rate: 7%

NOI: $364,917

Building Size: 4,000 sqft

Lot Area: 1.42 sqft

Lease Type: Absolute Net

Year Built: 2023

Tenancy: Single

Highlights:

15-year absolute net lease featuring 10% rental increases every 5 years
Corporate guaranty from Hawaiian Bros, Inc. (see below)
2023 build-to-suit construction with double drive-thru on a large 1.42 acre lot
Ranked among the Top 25% most trafficked restaurants in Oklahoma over the past 12 months (per Placer.ai)
Hawaiian Bros is a rapidly expanding QSR concept founded in 2018 with 60+ restaurants in 9 states
Affluent demographics – $107,000 average household incomes within a 3-mile radius of the subject property
Nearby national retailers include Walmart, Target, Sprouts, Hobby Lobby, and Lowe’s

Description:

Recent 2023 build-to-suit construction QSR building with double drive-thru. A 15-year absolute net Hawaiian Bros lease featuring 10% rental increases every 5 years and a full-term corporate guaranty. Subject property is located in Broken Arrow – a suburb of Tulsa experiencing significant economic development stimulating growth in the direct trade area.