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    3242 East 11Th St Tulsa, OK 74104

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    For Sale
    $1,938,000

    NNN Burger King lease with attractive annual rental escalations.

    Property size:
    3,027 SF
    Lot size:
    0.89 Acres

    Property Features for 3242 East 11Th St

    General Information

    Size
    3,027 SF
    Lot size
    0.89 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

    Burger King NNN Lease Property

    This property features an absolute NNN lease with 6 years remaining and attractive 1.75% annual rental escalations, along with four 5-year options to renew. It is conveniently located across the street from The University of Tulsa in an infill location. The property is situated on a ±0.89-acre parcel at the signalized, southwest hard corner of S Harvard Ave & U.S. Rte 66, offering excellent visibility and access. Traffic counts at this location are 23,186 CPD. Heartland Ventures, a regional Burger King franchisee that owns and operates 5 locations in Oklahoma, is the tenant and guarantor. The property size is 3,027 square feet. The surrounding area has affluent demographics, with a total population of 212,378 within 5 miles and an average household income of $101,733 within 1 mile.
    Insight Report Location Intelligence

    Current Use by Public Records

    Burger King Restaurant IBC Bank ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.940845
    Latitude
    36.14751

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN Burger King lease with attractive annual rental escalations.
    Where is this drive through restaurant located?
    The property is located at 3242 East 11Th St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $1,938,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease with 6 years remaining and 1.75% annual rental escalations.; - Located across the street from The University of Tulsa.; - High Traffic Counts: 23,186 CPD at the corner of S Harvard Ave & U.S. Rte 66.
    (480) 718-5555
    Request Owner's contact information
    3242 East 11Th St Tulsa, OK 74104
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    Tulsa, OK 74104
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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
    3242 East 11Th St Tulsa, OK 74104
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