Burger King (University Location) Tulsa, Ok
$1,938,000
3432 East 11th Street, Tulsa, OK 74112
7.25
Cap Rate
140,547
NOI
Details:
Highlights:
- ABSOLUTE NNN LEASE | ANNUAL ESCALATIONS: 6 years remaining on Absolute NNN lease with ATTRACTIVE 1.75% annual rental escalations with four 5-year options to renew
- TENANT | GUARANTORS: Heartland Ventures is a successful regional Burger King franchisee that owns & operates 5 locations in Oklahoma
- UNIVERSITY LOCATION: Conveniently located across the street from The University of Tulsa in an infill location
- TRAFFIC COUNTS | INFILL LOCATION: Prominently situated on a ±0.89-acre parcel at the signalized, southwest hard corner of S Harvard Ave & U.S. Rte 66, offering excellent visibility/access with traffic counts of 23,186 CPD!
- 2025 AFFLUENT DEMOGRAPHICS: Total Population (5MI): 212,378 | Average Household Income (1MI): $101,733
Description:
Burger King has 6 years remaining on Absolute NNN lease with ATTRACTIVE 1.75% annual rental escalations with four 5-year options to renew. The Tenant, Heartland Ventures is a successful regional Burger King franchisee that owns & operates 5 locations in Oklahoma. Burger King is Conveniently located across the street from The University of Tulsa in an infill location.
The Asset is Prominently situated on a ±0.89-acre parcel at the signalized, southwest hard corner of S Harvard Ave & U.S. Rte 66, offering excellent visibility/access with traffic counts of 23,186 CPD! Nearby major retailers include Target, Walmart, Lowe’s, Home Depot, Burlington, Reasor’s, Crunch Fitness; 2 miles from Utica Square - an upscale outdoor shopping center with prominent tenants such as Saks Fifth Avenue, Williams Sonoma, Pottery Barn, Banana Republic, Gap, Anthropologie, West Elm, and Restoration Hardware. Burger King is Across the street from The University of Tulsa - a private, doctoral degree-granting, accredited, coeducational research university offering 81 bachelor’s, 41 master’s, and 17 degree programs serving 3,769 students; 9 minutes (less than 2 miles) to Hillcrest Medical Center - a 656-bed hospital offering a wide range of inpatient & outpatient services including maternity, cardiology, emergency, burn care, orthopedics, wound care and surgery.
Documents:
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burgerking.tulsa_PKG.pdf
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