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    501 Albany St Broken Arrow, OK 74012

    For Sale
    $3,450,000

    Restaurant NNN Lease Investment, 6.09% Cap Rate

    Property size:
    5,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity: A brand-new, 5,990 square foot Ted's Cantina restaurant in Broken Arrow, Oklahoma, is available for purchase. This single-tenant, Class A property boasts a 15-year net lease (NNN) with annual rent increases, commencing October 14, 2023, and expiring October 13, 2038. The lease includes three and five-year renewal options, ensuring long-term stability. The property sits on a 0.57-acre lot and features a strong 6.09% cap rate based on a $210,000 net operating income (NOI). The asking price is $3,450,000, translating to $575.96 per square foot. Located at 501 W Albany Street, Broken Arrow, OK 74012, this property benefits from its prime location in a thriving area surrounded by national retailers, hotels, and a major hospital. Broken Arrow's robust economy, with an average household income of $109,817, and projected growth, makes this a compelling investment. The property's 100% occupancy since its October 14, 2023 opening date further solidifies its value. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market.

    Property Features for 501 Albany St

    General Information

    Property type
    Restaurants
    Square Feet
    5,990 SF
    Class
    A
    Lot Size
    24,829 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • Brand‑new, 5,990 SF Ted's Cantina restaurant in Broken Arrow, OK.
    • 15‑year NNN lease with annual rent increases, expiring October 13, 2038, plus renewal options.
    • 6.09% cap rate, $210,000 NOI, $3,450,000 asking price ($576/SF).
    • 0.57‑acre lot in prime location near major retailers, hotels, and hospital.
    • 100% occupancy since October 14, 2023 opening.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.7968659
    Latitude
    36.0747271

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    FAQs

    What type of property is this?
    Restaurant - Restaurant NNN Lease Investment, 6.09% Cap Rate
    Where is this restaurant located?
    The property is located at 501 Albany St Broken Arrow, OK.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: Brand-new, 5,990 SF Ted's Cantina restaurant in Broken Arrow, OK.; 15-year NNN lease with annual rent increases, expiring October 13, 2038, plus renewal options.; 6.09% cap rate, $210,000 NOI, $3,450,000 asking price ($576/SF).
    Request Owner's contact information
    501 Albany St Broken Arrow, OK 74012
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    Broken Arrow, OK 74012
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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
    501 Albany St Broken Arrow, OK 74012
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