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    5119 E 51St St Tulsa, OK 74135

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    For Sale
    $2,960,000

    New Freddy’s restaurant with drive-thru, opening August 2025.

    Property size:
    2,795 SF
    Lot size:
    2.04 Acres

    Property Features for 5119 E 51St St

    General Information

    Size
    2,795 SF
    Lot size
    2.04 Acres

    Source: Commercial Investment Advisors (CIA) - Corporate Agent Justin Zahn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Freddy’s Restaurant For Sale

    This property features a brand new, build-to-suit Freddy’s restaurant, utilizing the latest prototype design. The restaurant includes an impressive 10-car stack in the drive-thru. The property is slated to open in August 2025. The tenant, Ram-Z Custard, LLC, operates 74 locations, including 39 Freddy’s restaurants (making it the 6th largest Freddy’s franchisee in the U.S.) and 35 Schlotzsky’s locations (the largest Schlotzsky’s franchisee in the country, including those currently under construction). The property is located at 5119 E 51st St, Tulsa, OK. The property size is 2795 square feet. The property is under a new 20-year absolute NNN lease with 7.50% rental escalations every 5 years and four 5-year options to renew.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.918396
    Latitude
    36.090842

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    FAQs

    What type of property is this?
    Drive through restaurant - New Freddy’s restaurant with drive-thru, opening August 2025.
    Where is this drive through restaurant located?
    The property is located at 5119 E 51St St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $2,960,000.
    What are key features of this property?
    This property features: - Brand new 20-year Absolute NNN lease.; - Attractive 7.50% rental escalations every 5 years.; - Tenant is a large franchisee (Ram-Z Custard, LLC) with 74 locations, backing the lease performance.
    (480) 718-5555
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    Tulsa, OK 74135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5119 E 51St St Tulsa, OK 74135
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