6728 S Memorial Dr Tulsa, OK 74133

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 11 Updated: Jul 20 at 7:32PM Checked: Jul 21 at 6:23AM

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Investment Insights

Based on property information with market context.

NNN Pro Group presents a leased Red Lobster property at 6728 S Memorial Dr in Tulsa, OK. The site includes an approximately 8,500 rentable-square-foot restaurant building situated on an estimated 1.05-acre parcel.

The asset is subject to a 25-year absolute triple-net (NNN) lease that commenced December 17, 2015. The lease is structured with scheduled annual rent increases of 2% throughout the base term and each of the four 5-year renewal options.

This offering is positioned for buyers seeking a long-term, absolute NNN investment with embedded annual rent escalations during both the base lease period and the renewal terms.

Key Highlights

• Red Lobster at 6728 S Memorial Dr, Tulsa, OK, on an estimated 1.05‑acre parcel
• Approximately 8,500 rentable SF building space
• 25‑year absolute triple‑net (NNN) lease structure

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FAQs

What type of property is this?

NNN property - Red Lobster on an approximately 1.05-acre site is leased under a 25-year absolute triple-net agreement.

Where is this nnn property located?

The property is located at 6728 S Memorial Dr Tulsa, OK.

What are key features of this property?

This property features: Red Lobster at 6728 S Memorial Dr, Tulsa, OK, on an estimated 1.05‑acre parcel; Approximately 8,500 rentable SF building space; 25‑year absolute triple‑net (NNN) lease structure