Drive-Through Restaurant
3017 South 129th East Avenue Tulsa, OK 74134
3017 South 129th East Avenue, Tulsa, OK, 74134
$399,000
For Sale
$399,000
Former Sonic Drive-In with canopy-covered drive-in stalls, pylon signage, and about 128 feet of frontage.
Property Size1,208 SF
Price / SF$330.30
Days on Market28
Property Features for 3017 South 129th East Avenue
General Information
- Standard status
- Active
- Size
- 1,208 SF
- Property subtype
- Retail
Listing agency
McGraw Commercial Properties | Tulsa
(918) 694-8331
Listed by
AC Cherry · License ##72008
(918) 694-8331
Source
Mcgrawcp
Added: Jun 25 Updated: Jul 21 at 3:08PM Checked: Jul 22 at 4:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGraw Commercial Properties | Tulsa
Investment Insights
Based on property information with market context.
This property is a ±1,208 SF former Sonic Drive-In featuring canopy-covered drive-in stalls and pylon signage. The existing structure is designed to support a variety of restaurant, coffee, beverage, retail, and service-oriented uses.
The site provides approximately 128 feet of frontage along S 129th E Avenue, offering dedicated frontage for customer access and visibility.
For investors and operators, the configuration includes drive-through functionality and signage, with an adaptable footprint for multiple commercial service concepts.
The site provides approximately 128 feet of frontage along S 129th E Avenue, offering dedicated frontage for customer access and visibility.
For investors and operators, the configuration includes drive-through functionality and signage, with an adaptable footprint for multiple commercial service concepts.
Key Highlights
- 1,208 SF former Sonic Drive‑In with canopy‑covered drive‑in stalls
- Approximately 128 ft of frontage along S 129th E Avenue
- Includes pylon signage
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.2k | $19.20 |
| − Vacancy | −$1.2k | −$0.96 |
| EGI | $22.0k | $18.24 |
| − OpEx | −$5.5k | −$4.56 |
| NOI | $16.5k | $13.68 |
1,208 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$236.1K
$206.6K – $275.4K
NOI $16,525 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.9K
$249.3K – $332.4K
NOI $19,946 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Former Sonic Drive-In with canopy-covered drive-in stalls, pylon signage, and about 128 feet of frontage.
Where is this drive through restaurant located?
The property is located at 3017 South 129th East Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,208 SF former Sonic Drive‑In with canopy‑covered drive‑in stalls; Approximately 128 ft of frontage along S 129th E Avenue; Includes pylon signage
