Wendy’s Drive-Through
For Sale
$2,086,956
3341 E 31st St, Tulsa, OK 74135
The Wendy’s-operated property is subject to a long-term NNN ground lease with scheduled rent increases.
Property Size1,541 SF
Lot Size0.63 Acres
Price / SF$1,354
Days on Market10
Property Features for 3341 E 31st St
General Information
Standard status
Active
Size
1,541 SF
Lot size
0.63 Acres
Property subtype
Restaurant
Net Operating Income
$120,000
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.75%
Amenities
±17.5 Years Remaining on 20-Year NNN Ground Lease | Zero Landlord Responsibilities
Scheduled 10% Rent Increases Every 5 Years | Four 5-Year Renewal Options
Guaranteed by Cotti Foods Midwest (59 Units)
Operated by Cotti Foods, a 228-Unit Wendy's, Taco Bell, and 7 Brew Operator
2021 Construction | ±1,541 SF on ±0.63 AC
Along East 31st Street (±8,638 VPD) Near South Harvard Avenue (±19,727 VPD)
Quick Access to I-44 (±92,778 VPD) and US-64 (±74,978 VPD)
Near University of Tulsa (4,000+ Students) and OSU Medical Center (235 Beds)
Building Details
Building Size
1,541 SF
Year Built
2021
Buildings
1
Listed By:
Rob Narchi · License #License(s): CA: 01788517, CA: 01324570
(310) 909-5426
Source:
Marcusmillichap
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 4 at 6:18AM
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 Rob Narchi
Investment Insights
Based on property information with market context.
Built in 2021, this freestanding Wendy’s drive-through restaurant contains approximately 1,541 square feet on a 0.63-acre site. The property is leased under a 20-year NNN ground lease that began in March 2024, with approximately 17.5 years remaining and four five-year renewal options. The lease provides for 10% increases every five years and assigns no landlord responsibilities. Cotti Foods operates the restaurant, and Cotti Foods Midwest guarantees the lease.
The site fronts East 31st Street, near South Harvard Avenue, with access to Interstate 44 and U.S. Route 64. Reported daily traffic is approximately 8,638 vehicles on East 31st Street, 19,727 on South Harvard Avenue, 92,778 on Interstate 44, and 74,978 on U.S. Route 64. Nearby institutions include the University of Tulsa, Tulsa Community College Northeast, and OSU Medical Center.
The site fronts East 31st Street, near South Harvard Avenue, with access to Interstate 44 and U.S. Route 64. Reported daily traffic is approximately 8,638 vehicles on East 31st Street, 19,727 on South Harvard Avenue, 92,778 on Interstate 44, and 74,978 on U.S. Route 64. Nearby institutions include the University of Tulsa, Tulsa Community College Northeast, and OSU Medical Center.
Key Highlights
- Freestanding Wendy’s drive‑through restaurant built in 2021
- Approximately 1,541 square feet on ±0.63 acres
- 20‑year NNN ground lease began March 2024; ±17.5 years remaining
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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Business Placement
Demographics for 74135, OK
20,173
Population
10,855
Households
1.9
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,307
Density / Sq Mi
$60,942
Median Household Income
$43,835
Median Earnings
$900
Median Rent
$230,700
Median Home Value
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Market
Vacancy Rate% for Retail in Tulsa, OK
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - The Wendy’s-operated property is subject to a long-term NNN ground lease with scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 3341 E 31st St Tulsa, OK.
What is the asking price?
The asking price for this property is $2,086,956.
What are key features of this property?
This property features: Freestanding Wendy’s drive‑through restaurant built in 2021; Approximately 1,541 square feet on ±0.63 acres; 20‑year NNN ground lease began March 2024; ±17.5 years remaining
